Letter Ruling 905: Manufacturing Classification of ...
Corporate Excise November 30, 1990 Your client, ("the Partnership"), plans to form a domestic corporation (hereinafter referred to as "Newco") under c. 156B for the purpose of owning and operating a cogeneration plant. You ask whether the corporation''s activities, which will consist entirely of generating electricity for sale to an out of state utility and steam for sale to a ...