Legal Opinion
Industrial Finance Corp. v. State Tax Commission
Massachusetts Supreme Judicial Court
Decided April 9, 1975PublishedCited by 111 opinions
1Opinion of the CourtTauro, C.J.
These are consolidated appeals of the Industrial Finance Corporation (the taxpayer) and Merritt, Chapman and Scott Corporation,2 pursuant to G. L. *361c. 58A, § 13, as amended through St. 1969, c. 692,3 from decisions of the Appellate Tax Board (the Board) denying abatements of corporate excise taxes paid under G. L. c. 63, § 32, for the taxable years 1963 through 1967.
The taxpayer is in the business of lending money. Its loans, represented by promissory notes, range in amount from $2,000 to over $1,000,000 and are made for personal and business purposes. Some of the notes are unsecured. The…
2Cases cited8 opinions
- Hanlon v. RollinsMassachusetts Supreme Judicial Court · 1934
- Williams v. Inhabitants of MiltonMassachusetts Supreme Judicial Court · 1913
- Aldred Inv. Trust v. Securities & Exchange CommissionCourt of Appeals for the First Circuit · 1945
- Assessors of Dover v. Dominican Fathers Province of St. JosephMassachusetts Supreme Judicial Court · 1956
- Commissioner of Corporations & Taxation v. Assessors of BostonMassachusetts Supreme Judicial Court · 1949
3 more not listed; retrieve them via the Exa API.
3Cited by111 opinions
- Board of Education v. Assessor of WorcesterMassachusetts Supreme Judicial Court · 1975
- Sullivan v. Chief Justice for Administration & Management of the Trial CourtMassachusetts Supreme Judicial Court · 2006
- Commonwealth v. GalvinMassachusetts Supreme Judicial Court · 1983
- Boswell v. Zephyr Lines, Inc.Massachusetts Supreme Judicial Court · 1993
- Registrar of Motor Vehicles v. Board of Appeal on Motor Vehicle Liability Policies & BondsMassachusetts Supreme Judicial Court · 1981
106 more not listed; retrieve them via the Exa API.