Timing and Carry-over of the Credit

The deleading credit for full compliance may be claimed in the taxable year in which the premises is brought into full compliance as determined by a letter of compliance, or in the taxable year in which the cost of deleading is paid, whichever is later. Any unused portion of the credit may be carried forward from the taxable year in which it is first claimed and applied in any one or more of the succeeding seven taxable years. The deleading credit for interim control may be claimed in the taxable year in which the premises is brought into interim control as determined by a letter of interim control, or in the taxable year in which the cost of deleading is paid, whichever is later. Any unused portion of the credit may be carried forward from the taxable year in which it is first claimed and applied in any one or more of the succeeding seven taxable years. The deleading credit may not be used to reduce a taxpayer's liability under M.G.L. c. 62 to less than zero. REGULATORY AUTHORITY 830 CMR 62.6.3: M.G.L. c. 14, § 6(1); M.G.L. c. 62C, § 3 New Regulation Promulgated: 4/11/03

Help Us Improve Mass.gov with your feedback

The feedback will only be used for improving the website. If you need assistance, please contact us . Please limit your input to 500 characters.

Thank you for your website feedback! We will use this information to improve this page.

If you need assistance, please contact us .

If you would like to continue helping us improve Mass.gov, join our user panel to test new features for the site.