Alternative Energy and Energy Conservation Patent Income Tax Deduction (Personal)

Last updated: August 28, 2018

Program Overview

Implementing Sector:State
Category:Financial Incentive
State:Massachusetts
Incentive Type:Industry Recruitment/Support
Administrator:Massachusetts Department of Revenue
Start Date:01/26/1979
Eligible Renewable/Other Technologies:Solar - Passive, Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Geothermal Heat Pumps, Municipal Solid Waste, Fuel Cells using Non-Renewable Fuels, Wind (Small), Fuel Cells using Renewable Fuels
Eligible Efficiency Technologies:Yes; specific technologies not identified

Authorities

Name:M.G.L ch. 62, § 2(a)(2)(G)
Effective Date:1979

Summary

Massachusetts offers a personal income 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.

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