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

From Open Energy Information

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


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.

<metadesc> Alternative Energy and Energy Conservation Patent Exemption (Corporate): energy incentive program. </metadesc>

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" Cite error: Invalid <ref> tag; name "DSIRE" defined multiple times with different content