If a corporation having unrecovered bonus depreciation for CNIT purposes merges or liquidates into a bank subject to Bank Shares Tax, what happens to the corporation’s remaining unrecovered bonus balance?

Dec 13, 2016
The recovery of the unresolved Bonus Deprecation is found in Article IV while the entity in question is now subject to the tax imposed under Article VII.  There is no authority in Article VII to recover this bonus depreciation.
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