Alternative Energy and Energy Conservation Patent Exemption (Personal) (Massachusetts)
Last modified on December 17, 2014.
Financial Incentive Program
|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|
|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 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.
|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.