Alternative Energy and Energy Conservation Patent Exemption (Corporate) (Massachusetts)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Massachusetts

Name Alternative Energy and Energy Conservation Patent Exemption (Corporate)
Incentive Type Industry Recruitment/Support
Applicable Sector Commercial
Eligible Technologies Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Biomass, Hydroelectric, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, Municipal Solid Waste, Fuel Cells using Renewable Fuels, Yes; specific technologies not identified
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount 100% deduction







Start Date 1979


















Program Administrator Massachusetts Department of Revenue

Date added to DSIRE 2000-01-01
Last DSIRE Review 2013-06-06



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

Massachusetts offers a corporate excise tax deduction for (1) any income -- including royalty income -- received from the sale or lease of a U.S. patent deemed beneficial for energy conservation or alternative energy development by the Massachusetts Department of Energy Resources, and (2) any income received from the sale or lease of personal or real property or materials manufactured in Massachusetts and subject to the approved patent. The deduction is effective for up to five years from the date of issuance of the U.S. patent or the date of approval by the Massachusetts Department of Energy Resources, whichever expires first.


Incentive Contact

Contact Name Tax Information
Department Massachusetts Department of Revenue

Address P.O. Box 701

Place Boston, Massachusetts
Zip/Postal Code 02204
Phone (800) 392-6089



Website http://www.dor.state.ma.us
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: MGL ch. 62, § 2(a)(2)(G)
Date Effective 1979




















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"