Tax Credits

Tax credits provide an incentive to eligible Massachusetts businesses, nonprofits, and developers to move projects forward. MassDevelopment can help determine your eligibility.

Brownfields Tax Credit Program

The Brownfields Tax Credit Program is administered by the Massachusetts Department of Revenue. It offers eligible businesses and nonprofits a tax credit for the costs incurred in a brownfields remediation project. Brownfields tax credits may be used against state tax liabilities, or transferred or sold to third parties.

Low-Income Housing Tax Credit (LIHTC)

Eligible multifamily rental projects can apply for an allocation of low-income housing tax credits, if over 50% of the total development costs are being financed with tax-exempt bonds issued through MassDevelopment. Availability of low-income housing tax credit equity varies with market conditions.