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Bill > S1612


MA S1612

Relative to the taxation of rolling stock


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to the taxation of rolling stock. Revenue.

AI Summary

This bill amends the Massachusetts general laws to exempt from state sales and use taxes the sale and storage of "rolling stock," which is defined as trucks, tractors, and trailers used by common carriers to transport goods in interstate commerce. The purpose of this exemption is to support the state's transportation and logistics industries by reducing the tax burden on the vehicles they use to move freight across state lines.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Accompanied a new draft, see H3916 (on 09/21/2017)

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