Updated: July 31, 2023
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 $6,000,000. 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: