Alternative Energy and Energy Conservation Patent Exemption (Corporate) (Massachusetts)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Alternative Energy and Energy Conservation Patent Exemption (Corporate)|
|Incentive Type||Industry Recruitment/Support|
|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|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Program Administrator||Massachusetts Department of Revenue|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
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.
|Contact Name||Tax Information|
|Department||Massachusetts Department of Revenue|
|Address||P.O. Box 701|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||MGL ch. 62, § 2(a)(2)(G)|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.