Massachusetts Department of Revenue
                                                  Schedule HM

                                 Harbor Maintenance Tax Credit                                                                                                                            2020
For calendar year 2020 or taxable year beginning                                                                       and ending
Name                                                                                                                Federal Identification number

Fill in applicable oval: Shipper Exporter Importer
Current year harbor maintenance tax credit. Documentation must be provided upon request.
                                                                                                                  a. Tax paid on port            b. Tax paid on port                      c. Tax paid on port
                                                                                                                  use for domestic move-         use for exports of                       use for imports of
                                                                                                                  ments of break-bulk            break-bulk and                           break-bulk and
  Massachusetts port                      Date paid                                                               and containerized cargo containerized cargo                             containerized cargo

11  Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Computation of credit
12  Total qualifying harbor maintenance taxes for this year. Add line 1, col’s. a through c. . . . . . . . . . . . . . . . . . . . . . . . . . . .                                       2
13  Enter unused credit from prior year. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                     3
14  Massachusetts Harbor Maintenance Tax Credit available this year. Add lines 2 and 3. . . . . . . . . . . . . . . . . . . . . . . . . . . .                                            4
15  Total corporate excise for purposes of determining allowable Harbor Maintenance Tax Credit. Form 355, 
  Computation of Excise, line 6; Form 355S, Computation of Excise, line 9; or Form 355U, Schedule U-ST, line 37. . . . .                                                                 5
16  Amount of Vanpool Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        6
17  Amount of ITC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
18  Amount of EOAC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    8
19  Amount of Research Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         9
10  Amount of Low-Income Housing Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .              10
11  Amount of Economic Development Incentive Program Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                            11
12  Amount of Brownfields Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     12
13  Amount of Historic Rehabilitation Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         13
14  Amount of Film Incentive Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      14
15  Amount of Medical Device Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        15
16  Amount of Life Science Credit(s). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       16
17  Amount of Employer Wellness Program Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                   17
18  Amount of Certified Housing Development Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                   18
19  Amount of Low-Income Housing Donation Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                     19
20  Amount of Veteran's Hire Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        20
21  Amount of Community Investment Tax Credit (non-refundable). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                             21
22  Amount of Apprentice Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    22
23  Amount of Vacant Store Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      23
24  Add lines 6 through 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

                                                                                                                                                 2020 SCHEDULE HM, PAGE 2

Name                                                                                                                Federal Identification number

Computation of credit (cont’d.)
25  Subtract line 24 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
26  Minimum corporate excise. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     26
27  Maximum allowable current year Harbor Maintenance Tax Credit. Subtract line 26 from line 25. If 0 or less, you 
  do not qualify for a current year Harbor Maintenance Tax Credit, enter 0 in line 28. . . . . . . . . . . . . . . . . . . . . . . . . . . . .                                    27
28  Enter the smaller of line 4 or line 27 here and on Schedule CMS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                          28

Credits                                                                  “Bulk cargo,” shall mean unsegregated mass commodities including,
Any credit carryover being claimed must be claimed on Schedule           without limitation, items such as petroleum products, coal and bulk
CMS.                                                                     salt which are carried loose and which are custom arily loaded and
                                                                         unloaded by pumping, shoveling, scooping or other similar means.
Line item information                                                    “Containerized cargo” shall mean general goods, commodities or
Enter  on  line  3  the  amount  of  any  unused  harbor  maintenance    wares that are shipped in non-disposable, reusable, commercial
credit from the prior year as reported on the taxpayer’s prior year      sized shipping containers that are customarily used on sea- and
Schedule CMS.                                                            ocean-going vessels for the convenient shipment of such goods,
                                                                         commodities or wares.
General information                                                      Taxes paid with respect to passengers, the shipment of bulk cargo
MGL ch 63, § 38P provides for a credit against the corporate ex-         or the shipment of any other cargo or item of commerce not in-
cise for certain harbor maintenance taxes paid to the U.S. Cus-          cluded in the meaning of break-bulk or containerized cargo are not
toms  Service  pursuant  to  IRC  §§  4461,  4462. A  corporation  is    eligible for this credit.
eligible for the credit for harbor maintenance taxes paid on or after
July 1, 1996, if the tax paid is attributable to the shipment of break-  The credit is not subject to the 50% limitations of MGL ch 63, §
bulk  or  con tainerized  cargo  by  sea-  and  ocean-going  vessels     32C, however, it may not reduce the corporate excise to less than
through Mass achusetts ports.                                            the minimum excise of $456. A taxpayer may carryover any excess
                                                                         credit to any of the next succeeding five taxable years.
“Break-bulk  cargo,”  shall  mean  general  goods,  commodities  or
wares which are customarily shipped in boxed, bagged, crated or          Documentation must be provided by the taxpayer, upon request by
unitized form, held in the vessel’s general holding areas, and han-      the Department, that the taxpayer claiming the Credit has paid the
dled by the piece, unit or in separate lots; without limiting the gener- Harbor Maintenance Tax. Such documentation may include, but is
ality of the foregoing definition of break-bulk cargo, that term shall   not limited to, U.S. Customs Form 349 and/or Customs Form 7501.
include  road  motor  vehicles  and  other  odd-size  cargo,  but  shall
not include containerized cargo or bulk cargo.