Massachusetts Community Investment Tax Credit (CITC)

Learn about the Massachusetts refundable tax credit for taxpayers and businesses that make cash contributions to investment projects.

Updated: April 25, 2024

Overview

The CITC may be available to personal income or corporate excise taxpayers who make cash contributions to community partners investing in economic opportunities for:

• Low and moderate income households in Massachusetts or
• A community partnership fund

The current yearly cap of the CITC is $12,000,000. The Executive Office of Housing and Livable Communities (EOHLC) is responsible for determining:

• Which contributions qualify for the CITC 
• The actual amount of the CITC

Carryover, Refund, and Transfer

Unused CITCs may be:

• Carried forward for the next 5 tax years
• Refundable

Please note: credits aren’t transferable.

For more detailed information, including important definitions, please see:

• Massachusetts General Laws Chapter 62, Section 6M  (Personal income)
• Massachusetts General Laws Chapter 63, Section 38EE  (Corporate excise)
• 830 CMR 62.6M.1
• 760 CMR 68.00
• Technical Information Release 16-15
• Technical Information Release 13-15