Alternative Energy and Energy Conservation Patent Exemption (Personal) (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 (Personal)
Incentive Type Industry Recruitment/Support
Applicable Sector General Public/Consumer
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 personal income tax deduction for any income received from the sale of a patent or royalty income from a patent deemed beneficial for energy conservation or alternative energy development. The Massachusetts commissioner of energy resources determines if a patent is eligible. This deduction is unique among incentives in that it targets patents and not simply real property.

<metadesc> Alternative Energy and Energy Conservation Patent Exemption (Personal): 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