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.