Community Investment Tax Credit (CITC)

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

Updated: August 31, 2021

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 Department of Housing and Community Development (DHCD) 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:

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