Code of Massachusetts Regulations
760 CMR - HOUSING AND LIVABLE COMMUNITIES, EXECUTIVE OFFICE OF
Title 760 CMR 54.00 - Massachusetts Low-Income Housing Tax Credit Program
Section 54.03 - Amount of Credit Authorized
Universal Citation: 760 MA Code of Regs 760.54
Current through Register 1531, September 27, 2024
(1) Authorized Amount. The amount of Massachusetts low-income housing tax credit authorized to be allocated annually equals the sum of:
(a) the authorization ceiling;
(b) unused Massachusetts low-income housing tax
credits, if any, for the preceding calendar years; and
(c) Massachusetts low-income housing tax credits
returned to the department by a Qualified Massachusetts Project.
(2) Effect of Donation LIHTC Allocation. For the purposes of counting an authorization of a donation LIHTC towards the total sum that the Department may authorize annually pursuant to M.G.L. c. 62, § 6I(b)(1) part (i) or M.G.L. c. 63, the Department and the Commissioner shall count any amount of donation LIHTC authorized to a taxpayer for a qualified donation as 1/5 of the amount authorized for the qualified donation in the year in which the credit is claimed.
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