State Tax Commission v. M S F Leasing Corp.

The State Tax Commission appeals from a decision of the Appellate Tax Board granting partial abate-ments to M S F Leasing Corp. (taxpayer) of its corporation excise for the years 1966, 1967, and 1968. The taxpayer is a domestic business corporation and a wholly owned subsidiary of the American Brush Company, Inc., a domestic manufacturing corporation. The sole business of the taxpayer was leasing machinery and equipment to the parent company, which used it in manufacturing in Massachusetts. General Laws c. 63, § 30, cl. 7, as in effect in the years in question, exempted from the corporation…