760 C.M.R. 54.03 – Amount of Credit Authorized

(1) Authorized Amount. The amount of Massachusetts low-income housing tax credit authorized to be allocated annually equals the sum of:
1. (a) the authorization ceiling;
2. (b) unused Massachusetts low-income housing tax credits, if any, for the preceding calendar years; and
3. (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
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count any amount of donation LIHTC authorized to a taxpayer for a qualified donation as / of 5 the amount authorized for the qualified donation in the year in which the credit is claimed.