Accordingly, a corporation classified as a manufacturing corporation is not eligible for an investment tax credit under G.L. c. 63, § 31A unless it is actually engaged in manufacturing. The classification does not preclude the Commissioner from reviewing the factual issue on audit, or from assessing deficiencies against the corporation resulting from a denial of investment tax credits claimed during open taxable years in which the corporation held the classification.
Ira. A. Jackson
Commissioner of Revenue
September 22, 1986
People also viewed...
You recently viewed...
Personalization is OFF. Your personal browsing history at Mass.gov is not visible because your personalization is turned off. To view your history, turn your personalization on.
Learn more on our .
*Recommendations are based on site visitor traffic patterns and are not endorsements of that content.