Special Rules Applicable to Pass-through Entities

Official source

In the case of a qualifying investment by a pass-through entity such as a partnership, the credit allowed under M.G.L. c. 62, § 6(t) shall be passed through to the entity’s partners or owners pro rata or pursuant to an executed agreement among the entity’s partners or owners documenting an alternative distribution method without regard to their sharing of other tax or economic attributes of the entity. The total aggregate amount of the credit passed through such entity and claimed by its partners or owners in any taxable year shall not exceed the credit amount allowed by the MLSC, and 830 CMR 62.6.5.

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Special Rules Applicable to Pass-through Entities

Official source

In the case of a qualifying investment by a pass-through entity such as a partnership, the credit allowed under M.G.L. c. 62, § 6(t) shall be passed through to the entity’s partners or owners pro rata or pursuant to an executed agreement among the entity’s partners or owners documenting an alternative distribution method without regard to their sharing of other tax or economic attributes of the entity. The total aggregate amount of the credit passed through such entity and claimed by its partners or owners in any taxable year shall not exceed the credit amount allowed by the MLSC, and 830 CMR 62.6.5.