Code of Massachusetts Regulations
400 CMR - EXECUTIVE OFFICE OF ECONOMIC DEVELOPMENT
Title 400 CMR 7.00 - National Guard Hiring Tax Credit
Section 7.04 - Process for Claiming the National Guard Hiring Tax Credit

Universal Citation: 400 MA Code of Regs 400.7

Current through Register 1531, September 27, 2024

(1) For the tax years beginning on or after January 1, 2023, a Qualified Employer may claim the National Guard Hiring Tax Credit on the tax return filed for the year that is six months after the Qualified Employee began working for the Qualified Employer. The Qualified Employer shall include in its filing the certificate number provided in the Certification.

(2) A Qualified Employer may apply for a new Certificate, entitling it to claim an additional credit in the taxable year following the initial claimed credit, for the same Qualified Employee if such Employee is continuously employed. Any new Certificate will be issued in the same manner and based on the same criteria as the original Certificate. No employer shall be authorized to claim a National Guard Hiring Tax Credit more than twice for any one Qualified Employee.

(3) A Qualified Employer may carry forward the amount of credit that exceeds the tax due for a taxable year to any of the three subsequent taxable years.

(4) National Guard Hiring Tax Credits shall not be transferrable or refundable.

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