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Tax Changes

SECTION 30.   Section 6L of said chapter 62 is hereby amended by striking out subsections (a) and (b), as amended by section 4 of said chapter 310, and inserting in place thereof the following 2 subsections:-

(a) This section shall apply to credits earned under subsection (l) of section 6.

(b) At the written election of a taxpayer entitled to a credit under subsection (l) of section 6, the commissioner shall apply the credit against the liability of the taxpayer as determined on its return, as first reduced by any other available credits, and shall then refund to the taxpayer 90 per cent of the balance of the credits.