Section 54.03 - Amount of Credit Authorized(1)Authorized Amount. The amount of Massachusetts low-income housing tax credit authorized to be allocated annually equals the sum of: (a) the authorization ceiling;(b) unused Massachusetts low-income housing tax credits, if any, for the preceding calendar years; and(c) Massachusetts low-income housing tax credits returned to the department by a Qualified Massachusetts Project.(2)Effect of Donation LIHTC Allocation. For the purposes of counting an authorization of a donation LIHTC towards the total sum that the Department may authorize annually pursuant to M.G.L. c. 62, § 6I(b)(1) part (i) or M.G.L. c. 63, the Department and the Commissioner shall count any amount of donation LIHTC authorized to a taxpayer for a qualified donation as 1/5 of the amount authorized for the qualified donation in the year in which the credit is claimed.Amended by Mass Register Issue 1349, eff. 10/6/2017.Amended by Mass Register Issue 1411, eff. 2/21/2020.