Claiming the Credit

(a) To claim the credit a taxpayer must apply to the Secretary and complete the process described in 301 CMR 16.05: Authorization Process for Calendar Tax Credit Years 2023 and Later a nd 301 CMR 16.06: Authorization Process for Calendar Tax Credit Years 2020 to 2022. The Secretary will provide notice to the Commissioner of the amount of expenditures and the amount of credit which a taxpayer is authorized to claim, and of the taxable year for which the taxpayer may claim it.

(b) The Taxpayer must claim the credit on its annual return filed with the Commissioner. The credit shall be allowed for the taxable year for which the Secretary notifies the Commissioner of its certification of the taxpayer’s expenditures and the amount of the credit, irrespective of the date on which notice was provided to the Commissioner.