Bill > H3913

This bill makes several changes to the laws governing the assessment and collection of excise taxes on marine vessels in Massachusetts. It defines key terms, establishes a standard excise tax rate of $10 per $1,000 of vessel value, and sets out valuation schedules based on the vessel's length and age. The bill requires vessel owners to annually report the vessel's information to local assessors, who will then assess and collect the excise tax. The bill also prohibits the state from issuing or renewing vessel registrations unless the owner has paid the prior year's excise tax. Finally, the bill requires the state to provide annual vessel ownership information to local assessors for tax assessment purposes. The changes made by this bill will apply to excise taxes assessed for fiscal years beginning on or after July 1, 2018.

Budget and Finance

https://malegislature.gov/Bills/190/H3913