Origin: A personal income tax and corporate excise credit is allowed for up to 25% of costs incurred in constructing or rehabilitating housing in areas designated by the Department of Housing and Community Development (DHCD). Eighty percent of the housing must be available for rent or sale at market rate prices. Designated areas must be located in a city or town identified by statute as a gateway municipality. The DHCD determines eligibility for, and the amount of, the credit.
Origin: St. 2010, c. 240; M.G.L. c. 40V; G.L. c. 62, § 6(q).
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2022
FY2023
FY2024
FY2025
FY2026
Personal Income Tax
Credits Against Tax
1.619
Certified Housing Development Tax Credit
A personal income tax and corporate excise credit is allowed for up to 25% of costs incurred in constructing or rehabilitating housing in areas designated by the Department of Housing and Community Development (DHCD). Eighty percent of the housing must be available for rent or sale at market rate prices. Designated areas must be located in a city or town identified by statute as a gateway municipality. The DHCD determines eligibility for, and the amount of, the credit.
<a href="https://malegislature.gov/Laws/SessionLaws/Acts/2010/Chapter240" target="_blank">St. 2010, c. 240</a>; <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleVII/Chapter40V" target="_blank">M.G.L. c. 40V</a>; <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section6" target="_blank">G.L. c. 62, § 6(q)</a>.
2.0
2.0
2.0
4.0
7.4
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