Household Retail Services, Inc. v. Commissioner of Revenue

The sole issue in this appeal is whether a financial services company that contractually obtained a retailer’s rights to certain consumer credit accounts is entitled to a reimbursement of sales tax on the consumer accounts subsequently determined to be worthless, pursuant to G. L. c. 64H, § 33 (bad debt statute). Household Retail Services, Inc., and Household Bank (SB), N.A. (collectively Household), appeal from a decision of the Appellate Tax Board (board) denying Household’s claim that it is entitled to such relief because it *227“step[ped] into the shoes” of the assignor vendors, whose right…