Community Investment Tax Credit (CITC)

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

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.

Eligibility

The CITC is equal to 50% of the total contribution made by taxpayers or businesses.

The CITC is allowed for contributions of $1,000 or more. The total of all credits available to an eligible taxpayer may not exceed $1,000,000 in any tax year.

Carryover, Refund, and Transfer

Unused CITCs may be:

  • Carried forward for the next 5 tax years
  • Refundable.

However, credits aren’t transferable.

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

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