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Bill > S1855


MA S1855

MA S1855
Relative to the inventory tax


summary

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

Introduced Session

192nd General Court

Bill Summary

For legislation relative to the inventory tax. Revenue.

AI Summary

This bill proposes to amend Section 5 of Chapter 59 of the General Laws in Massachusetts by inserting a new clause, Nineteenth A, which would exempt from taxation any 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 (1)

Last Action

Accompanied a study order, see H5245 (on 09/22/2022)

bill text


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