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Bill > H2959


MA H2959

Relative to the taxation of rolling stock


summary

Introduced
03/29/2021
In Committee
07/25/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the taxation of trucks, tractors, trailers and railcars that transport people or goods in interstate commerce. Revenue.

AI Summary

This bill amends the Massachusetts General Laws to provide tax exemptions for the sales and use of "rolling stock," which is defined as trucks, tractors, and trailers used by common carriers to transport goods in interstate commerce. Specifically, the bill adds new definitions and exemptions for rolling stock under the state's sales tax (Chapter 64H) and use tax (Chapter 64I) laws. The overall intent is to provide tax relief for businesses that are transporting goods across state lines as part of interstate commerce.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

No further action taken (on 01/03/2023)

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