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Bill > H1600


MA H1600

Exempting inventory from taxation


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 to exempt certain inventory from taxation. Revenue.

AI Summary

This bill aims to exempt certain inventory from taxation in Massachusetts. Specifically, it would add a new clause to Section 5 of Chapter 59 of the General Laws, which lists items that are exempt from taxation. The new clause, "Nineteenth A," would exempt 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 (9)

Last Action

Accompanied a study order, see H4244 (on 02/22/2018)

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