Schedule Cms Instructions
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3Schedule CMS Instructions
The Credit Manager Schedule reports in Part 1 the taxpayer’s credits available (including credits carried over from prior years) and the credits taken
not received via a lower tier entity or credit transfer. The exceptions to this rule are Brownfields Credit, Film Incentive Credit, and/or Medical Device
Credit received via credit transfers/sales. Credits are shown in a table format and may be listed in any order. Taxpayers with more than one credit
available may choose how much of each credit to take in the current year. A taxpayer participating in a combined report and allowing other members
of the combined group to use its credits as allowed in 830 CMR 63.32B.2(9), also reports the amount or each credit shared on this schedule.
The table below identifies various credits that may be shown on the credit manager schedule.
MGL chapter
and section
Credit name
Notes
Refundable?
Enumeration
Ch. 63 § 38Q
Brownfields Credit
Certificate # Required
No
BRWFLD
Ch. 63 § 38BB
Certified Housing Credit
Certificate # Required
No
CRTHOU
Ch. 63 § 38EE
Community Investment Credit
Certificate # Required
Yes, @100%
CMMINV
Ch. 63 § 38AA
Conservation Land Credit
Certificate # Required
Yes, @100%
CNSLND
Ch. 63 § 38Z
Dairy Farm Credit
Certificate # Required
Yes, @100%
DAIFRM
Ch. 63 § 38N
EDIP Credit
Certificate # / Sch. EDIP Required
If Authorized, @100%
EDIPCR
Ch. 63 § 38FF
Emolover Wellness Credit
Certificate # Required
No
EMPWLL
Ch. 63 § 38N
EOAC Credit
Period End Date / Sch. EOAC Required
If Authorized
EOACCR
Ch. 63 § 38X
Film Incentive Credit
Certificate # Required
If Authorized, @ 90%
FLMCRD
Ch. 63 § 38P
Harbor Maintenance Credit
Period End Date / Sch. HM Required
No
HRBMNT
Ch. 63 § 38R
Historic Rehabilitation Credit
Certificate # Required
No
HISRHB
Ch. 63 § 31A
Investment Tax Credit
Period End Date / Sch. H Required
No
INVTAX
Ch. 63 § 31M
Life Science (FDA) Credit
Period End Date /Sch RLSC
If Authorized, @ 90%
LFSFDA
Ch. 63 § 38U
Life Science (ITC) Credit
Period End Date /Sch RLSC
If Authorized, @ 90%
LFSITC
Ch. 63 § 38CC
Life Science (Jobs) Credit
Period End Date /Sch RLSC
If Authorized, @ 90%
LFSJOB
Ch. 63 § 38W
Life Science (RD) Credit
Period End Date /Sch RLSC
If Authorized, @ 90%
LFSRDC
Ch. 63 § 31H
Low Income Housing Credit
Certificate # Required
No
LOWINC
Ch. 63 § 31L
Medical Device Credit
Certificate # Required
No
MEDDVC
Ch. 63 § 38M
Research Credit
Period End Date / Sch. RC Required
No
REARCH
Ch. 63 § 31E
Vanpool Credit
Period End Date / Sch. VP Required
No
VANPOL
Ch.62 § 6
Lead Paint
Period End Date / Sch. LP Required
No
LEDPNT
Ch.62 § 6
Septic
Period End Date / Sch. SC Required
No
SEPTIC
Ch.62 § 6
Farming and Fisheries
Period End Date / Sch. FAF Required
No
FRMFSH
Ch.62 § 6
Solar and Wind Energy
Period End Date / Sch. EC Required
No
SLRWND
Some credits are identified on the credit manager schedule by a certificate number. The certificate number for the credit is assigned by the issuing
agency (which may be the Department of Revenue) and must always be reported to claim the credit. A taxpayer with multiple certificates for the
same type of credit will enter each separately, with the available (unused) balance associated with that certificate in column (e) and the amount of
the credit used in the current year in column (f). Taxpayer’s claiming the EDIP Credit for a Certified Jobs Creation Project must enter a certificate
number but are only required to complete the header section of schedule EDIP.
Some credits are identified by the period end date which refers to the period in which the credit originated. This may be the current taxable year or
a prior year if the credit is being carried forward from a prior year. If the period of origin is the current year, a schedule detailing the calculation of
the amount of credit must be enclosed with the return. If the period of origin is a prior year, only the amount carried over to and available in the cur-
rent year is shown in column (e) and no calculation schedule is required.
If, by operation of M.G.L. c. 63, s. 32C or another provision of law, a credit normally identified by period of origin is eligible for indefinite carryover, the
credit should be reported as “non-expiring;” the taxpayer is not required to identify the period of origin on the credit manager schedule. (Non-expiring
credits were formerly referred to as “unlimited.”)
The abbreviation in the enumeration column is used to identify the credit type on the credit manager schedule (in column a in both Part 1 and Part 2
and column b in Part 3 and Part 4).
Example with taxpayer that did not receive any credits from lower tier entities:
In the example below, the taxpayer is filing a return for the taxable year ending 12/31/2016 and has an Investment Tax Credit from the current year,
all of which is being used in the current year. The taxpayer must enclose schedule H with the return, showing the calculation of the current year
credit. The taxpayer also has a non-expiring Investment Tax Credit and used only $500 of the credit in the current year. No Schedule H is required
for the non-expiring credit, which is a credit carried forward from a prior year that is not tracked by a certificate number. The taxpayer also has 2 dif-
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