Section 54.10 - Carryforward of Credit(1)Carryforward Period. Any amount of any Massachusetts low-income housing tax credit that exceeds the claimant's tax due may be carried forward to any of the five subsequent taxable years.(2)Transfer of Carryforward. A taxpayer who transfers an unclaimed portion of the credit pursuant to 760 CMR 54.07(1) may choose whether or not to include carryforward credit from prior years in the transfer.(3)Transferee Treated Like Original Owner. For the purpose of determining the carryforward period, the transferee shall be bound by the same schedule for claiming a credit as the taxpayer originally entitled to the credit as an owner of a qualified Massachusetts project, regardless of how often the credit has been transferred.Amended by Mass Register Issue 1349, eff. 10/6/2017.