301 CMR, § 16.03

Current through Register 1536, December 6, 2024

Section 16.03 - Eligibility

An Applicant shall be eligible to receive a Cranberry Bog Renovation Tax Credit only if such Applicant demonstrates in its application that it:

(a) is a Taxpayer Primarily Engaged in Cranberry Production; and

(b) owns the property upon which the Qualified Renovations will be implemented or has a leasehold interest in such property, as indicated by a lease agreement or other legal authorization to engage in commercial cranberry production and Qualified Renovations on such property for not less than three years beyond the calendar year for which a tax credit is sought.

301 CMR, § 16.03

Adopted by Mass Register Issue 1471, eff. 6/10/2022.