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

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

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.

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.