Bill > H2702

This bill amends Section 1 of Chapter 60A of the General Laws to expand exemptions from the motor vehicle excise tax, which is a tax levied on the privilege of registering a motor vehicle. Specifically, it adds a provision that exempts motor vehicles and trailers owned and registered by a corporation if that corporation's personal property is already exempt from taxation under specific clauses (Third and Tenth) of section five of chapter fifty-nine, provided the vehicle is used solely for the corporation's tax-exempt activities. This builds upon existing exemptions for vehicles owned by the commonwealth or its political subdivisions.