Definitions

For purposes of 830 CMR 62.6M.1, the following terms have the following meanings, unless the context requires otherwise:

Code, with respect to personal income taxation under M.G.L. c. 62, the federal Internal Revenue Code, as modified in M.G.L. c. 62, § 1(c); and with respect to corporate level taxation under M.G.L. c. 63, the federal Internal Revenue Code, as amended and in effect for the taxable year, as more fully defined in M.G.L. c. 63.

Commissioner, theCommissioner of Revenue or the Commissioner’s duly authorized representative.

Community Development Corporation , a corporation as defined in M.G.L. c. 40H, § 2 and certified as a community development corporation by DHCD.

Community Investment Tax Credit Allocation, an award provided by DHCD through a competitive process that enables the recipient of the allocation to solicit and receive qualified investments from taxpayers and to provide those taxpayers with a community investment tax credit.

Community Partner, a community development corporation or a community support organization selected by DHCD through a competitive process to receive a community investment tax credit allocation.

Community Partnership Fund, a fund administered by a nonprofit organization selected by DHCD to receive qualified investments from taxpayers for the purpose of allocating such investments to community partners.

Community Support Organization, any nonprofit organization that is neither a community development corporation nor a nonprofit organization selected to administer a community partnership fund that has a record of providing capacity building services to community development corporations.

DHCD , the Department of Housing and Community Development.

Qualified Investment , a cash contribution made to a specific community partner to support the implementation of its community investment plan as defined in M.G.L. c. 62, § 6M(b) and M.G.L. c. 63, § 38EE(b) or to a community partnership fund.

Taxpayer , any individual or entity that makes a qualified investment and is entitled to claim a credit under M.G.L. c. 62, § 6M or M.G.L. c. 63, § 38EE, as applicable.