Raytheon’s Quest for $8 Million Excise Tax Refund Denied (1)

Raytheon Co.‘s bid for an $8.4 million state excise tax refund was rejected by a Massachusetts appeals court for being too late.

The Appeals Court of Massachusetts ruled Sept. 12 that Raytheon’s abatement application for 2007 and 2012 returns could only reduce the amounts assessed in notices from the commissioner of revenue, not the original taxes the defense giant paid in those returns.

The intermediate state appeals court had decided to hear Raytheon’s 2007 and 2012 tax return cases together. The cases center on whether the Waltham, Mass.-headquartered company can use the date of a tax deficiency ...