Massachusetts Credit Manager Schedule

Credit Manager Schedule
Schedule CMS
Massachusetts Department of Revenue

Schedule CMS
Credit Manager Schedule
For calendar year 2023 or taxable year beginning
Name of taxpayer 	

2023

and ending

Identification number 	

Total credits taken this year (add lines 1h and 3i) 	

Total refundable credits allowable this year (add lines 2g and 4h)

Instructions
Taxpayers with credits available for use in the current year must file this schedule to report the credits and the amount of each credit used. For credits tracked by certificate numbers issued by the
Department of Revenue (DOR) or another state agency that must be used to claim the credit, enter each certificate number and the associated credits separately. For credits not tracked by certificate
number, enter credits separately by type and the year to which they relate. List credits available whether or not they are being used in the current year.
For each credit, report the amount of the credit available for use and the amount of credit taken this year to reduce tax. For corporations filing a combined report, report the amount of credit shared with
affiliates. For pass-through entities, report the amount of credits distributed to each partner, shareholder or beneficiary in the credit shared column (except for Brownfields, Film Incentive and Medical
Device credits, which must be transferred to each partner, shareholder or beneficiary of the pass-through entity).

Section 1. Non-Refundable Credits
List all credits available not received via Massachusetts K-1 schedules, including those not used in the current year. Show the amounts used to reduce the total excise or tax, passed to each partner,
shareholder or beneficiary, or shared with affiliates. Note: If you are using a tax credit that does not have an expiration date, fill in the oval for line 1b and leave lines 1c and 1d blank.
Taxpayers taking the Brownfields, Film Incentive and/or Medical Device credits received via credit transfers/sales should complete section 1.
1a. 	
Credit type

1b. Fill in if
non-expiring

1c. Period end date
(mm/dd/yyyy) 	

1d. Certificate
number

1e. Credit available or
certificate balance 	

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1h. Total. Enter total amount of credit(s) taken this year here and where indicated above .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .

1f. Credit taken
this year

1g. Credit shared
this year

Name of taxpayer 	

Identification number

Section 2. Refundable Credits
Taxpayers with refundable credits who are requesting a refund from credits not received via Massachusetts K-1 schedules or credit transfer* must complete section 2. For each refundable credit, report
the amount of the credit available after taking into consideration any credits that may have been taken or shared as shown in section 1. Enter the amount by which the available credit balance is being
reduced and the amount to be treated as a refundable credit, which may be either 90% or 100% of the reduction.
*Taxpayers taking the Film Incentive credit received via credit transfers should complete section 2.
2a. 	
Credit type

2b. Period end date
(mm/dd/yyyy) 	

2c. Certificate
number

2d. Credit available or
certificate balance 	

2e. Reduction in 	
balance for refund

2g. Total. Enter total amount of credit(s) taken this year here and where indicated on page 1 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .

2f. Refundable credit
taken (100% or 90%)

Name of taxpayer 	

Identification number

Section 3. Non-Refundable Credits Received from Massachusetts K-1 Schedules
List any credit for which this taxpayer received via Massachusetts K-1 schedules and show the amounts used to reduce the total excise or tax, passed to each partner, shareholder or beneficiary, or
shared with affiliates. List all credits available, including those not used in the current year. Note: If you are using one of the two tax credits (Research; Investment Tax) that do not have an expiration
date, fill in the oval for line 3c and leave lines 3d and 3e blank.
The Brownfields, Film Incentive and/or Medical Device credits cannot be reported in this section. Taxpayers receive new certificate numbers to be used in section 1 after applying through DOR to
request transfers/sales of these credits.
3a. Federal ID number	
of credit source 	

3b. 	
Credit type

3c. Fill in if
non-expiring

3d. Period end date
(mm/dd/yyyy) 	

3e. Certificate
number

3f. 	
Credit received

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3i. Total. Enter total amount of credit(s) taken this year here and where indicated on page 1.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .

3g. Credit taken	
this year	

3h. Credit shared
this year

Name of taxpayer 	

Identification number

Section 4. Refundable Credits Received from Massachusetts K-1 Schedules
Taxpayers who are requesting a refund with refundable credits received via Massachusetts K-1 schedules must complete section 4. For each refundable credit, report the amount of the credit available
after taking into consideration any credits that may have been taken or shared as shown in section 3. Enter the amount by which the available credit balance is being reduced and the amount to be
treated as a refundable credit, which may be either 90% or 100% of the reduction.
Note: The Film Incentive credit cannot be reported in this section. Taxpayers receive new certificate numbers to be used in section 2 after applying through DOR to request transfers of these credits.
	
	

4a. Federal ID number	
of credit source 	

4b. 	
Credit type 	

4c. Period end date 	
(mm/dd/yyyy) 	

4d. Certificate 	
number 	

4e. Credit available or 	
certificate balance 	

4f. Reduction in 	
balance for refund 	

4h. Total. Enter total amount of credit(s) taken this year here and where indicated on page 1 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .

4g. Refundable credit
taken (100% or 90%)