Massachusetts Low Income Housing Tax Credit

Massachusetts Low Income Housing Tax Credit Summary

  • Applicable against personal or corporate income tax liability.
  • The credit period begins with the taxable year in which a project meets all of the requirements of 760 CMR 54.08 and ends five years later.
  • Is subject to recapture (and disallowance to the extent not yet claimed) at any time during the 15-year compliance period.
  • No limitations.
  • Can be carried forward up to 5 years.