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Massachusetts Free Printable  for 2020 Massachusetts Investment Tax Credit and Carryovers

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Investment Tax Credit and Carryovers
Schedule H Corp

CORPORATION NAME FEDERAL IDENTIFICATION NUMBER Schedule H Investment Tax Credit and Carryovers 2019 Type of corporation. Fill in one oval: 3 Classified manufacturer Agriculture Commercial fishing Research and development (R&D). If R&D corporation, complete line 1. PART 1. CALCULATION OF CURRENT-YEAR INVESTMENT TAX CREDIT GENERATED 1 Receipts tests for R&D corporations. Enter only receipts assignable to Massachusetts. a. Total receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a b. Receipts from R&D included in 1a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b c. Percent of revenues derived from R&D. Divide line 1b by line 1a.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c d. Describe R&D category_________________________________________________________________________________________________ 2 List all qualified depreciable property (owned or leased) located in Massachusetts by Schedule A category. a. Total cost of qualified buildings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a b. Total cost of qualified machinery taxed locally. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b c. Total cost of qualified machinery not taxed locally. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c d. Total cost of qualified equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2d e. Total cost of qualified fixtures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e f. Total cost of qualified leasehold improvements taxed locally. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2f g. Total cost of qualified leasehold improvements not taxed locally . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2g h. Total cost of qualified other fixed depreciable assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2h 3 Total cost of eligible properties. Add lines 2a through 2h. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Total U.S. investment tax credit and U.S. basis reduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Amount eligible for Massachusetts Investment Tax Credit (ITC). Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . 5 6 Available current-year ITC. Multiply line 5 by .03. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Amount of credit reduction for assets placed in service during current year but no longer qualified at year end. . . . . . . 7 8 Net current year investment tax credit generated. Report this amount on Schedule CMS. . . . . . . . . . . . . . . . . . . . . . . . . 8
Extracted from PDF file 2019-massachusetts-schedule-h-corp.pdf, last modified January 2020

More about the Massachusetts Schedule H Corp Corporate Income Tax Tax Credit TY 2019

We last updated the Investment Tax Credit and Carryovers in March 2020, so this is the latest version of Schedule H Corp, fully updated for tax year 2019. You can download or print current or past-year PDFs of Schedule H Corp directly from TaxFormFinder. You can print other Massachusetts tax forms here.

Related Massachusetts Corporate Income Tax Forms:

TaxFormFinder has an additional 126 Massachusetts income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Massachusetts Schedule H Corp.

Form Code Form Name
Schedule HC Health Care Information
Schedule HC-CS Health Care Information Continuation Sheet
Schedule H Expenses and Fiduciary Compensation
Schedule H-2 Recapture Offset (OBSOLETE)
Schedule HM Harbor Maintenance Credit

Download all MA tax forms View all 127 Massachusetts Income Tax Forms


Form Sources:

Massachusetts usually releases forms for the current tax year between January and April. We last updated Massachusetts Schedule H Corp from the Department of Revenue in March 2020.

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Schedule H Corp is a Massachusetts Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Massachusetts Schedule H Corp

We have a total of seven past-year versions of Schedule H Corp in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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