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HOUSE DOCKET, NO. 1326 FILED ON: 1/14/2025
HOUSE . . . . . . . . . . . . . . . No. 3145
The Commonwealth of Massachusetts
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PRESENTED BY:
Bradley H. Jones, Jr.
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to the gradual elimination of the inventory tax.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Bradley H. Jones, Jr.20th Middlesex1/14/2025Kimberly N. Ferguson1st Worcester1/14/2025Paul K. Frost7th Worcester1/31/2025Todd M. Smola1st Hampden3/10/2025David F. DeCoste5th Plymouth1/28/2025David K. Muradian, Jr.9th Worcester1/29/2025Hannah Kane11th Worcester1/30/2025 1 of 2
HOUSE DOCKET, NO. 1326 FILED ON: 1/14/2025
HOUSE . . . . . . . . . . . . . . . No. 3145
By Representative Jones of North Reading, a petition (accompanied by bill, House, No. 3145) of
Bradley H. Jones, Jr. and others relative to the gradual elimination of the inventory tax.
Revenue.
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2844 OF 2023-2024.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Fourth General Court
(2025-2026)
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An Act relative to the gradual elimination of the inventory tax.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 SECTION 1. Subsection (a) of section 39 of chapter 63 of the general laws, as appearing
2in the 2022 Official Edition, is hereby amended, in line 37, by striking the figure “$2.60” and
3inserting in place thereof the following figure:- $2.00.
4 SECTION 2. Subsection (a) of section 39 of chapter 63 of the general laws, as so
5appearing, is hereby amended, in line 37, by striking the figure “$2.00” and inserting in place
6thereof the following figure:- $1.50.
7 SECTION 3. Subsection (a) of section 39 of chapter 63 of the general laws, as so
8appearing, is hereby amended, in line 37, by striking the figure “$1.50” and inserting in place
9thereof the following figure:- $1.00. 2 of 2
10 SECTION 4. Subsection (a) of section 39 of chapter 63 of the general laws, as so
11appearing, is hereby amended, in line 37, by striking the figure “$1.00” and inserting in place
12thereof the following figure:- $.50.
13 SECTION 5. Subsection (a) of section 39 of chapter 63 of the general laws, as so
14appearing, is hereby amended by striking clause (1) and (2) and inserting in place thereof the
15following:-
16 “(1)(i) For tax years beginning before January 1, 2020, 9.5 per cent of its net income
17determined to be taxable in accordance with this chapter; (ii) for tax years beginning on or after
18January 1, 2010, but before January 1, 2021, 8.75 per cent of its net income determined to be
19taxable in accordance with this chapter; (iii) for tax years beginning on or after January 1, 2021,
20but before January 1, 2022, 8.25 per cent of its net income determined to be taxable in
21accordance with this chapter; or (iv) for tax years beginning on or after January 1, 2022, 8.0 per
22cent of its net income determined to be taxable in accordance with this chapter.
23 SECTION 6. Section 1 of this act shall be effective on January 1, 2026.
24 SECTION 7. Section 2 of this act shall be effective on January 1, 2027.
25 SECTION 8. Section 3 of this act shall be effective on January 1, 2028.
26 SECTION 9. Section 4 of this act shall be effective on January 1, 2029.
27 SECTION 10. Section 5 of this act shall be effective on January 1, 2030.