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

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

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.