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Bill > S1654


MA S1654

Relative to the inventory tax


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation relative to the inventory tax. Revenue.

AI Summary

This bill amends Section 5 of Chapter 59 of the General Laws to include a new clause, Nineteenth A, which exempts from taxation merchandise situated in Massachusetts, including inventory held for sale, finished goods, products, goods, wares or stock in trade, work in progress, materials or supplies, and archived or stored goods.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Accompanied a study order, see H5080 (on 11/02/2020)

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