Massachusetts 2025-2026 Regular Session

Massachusetts House Bill H3281 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1 of 1
2	2	HOUSE DOCKET, NO. 3512 FILED ON: 1/17/2025
3	3	HOUSE . . . . . . . . . . . . . . . No. 3281
4	4	The Commonwealth of Massachusetts
5	5	_________________
6	6	PRESENTED BY:
7	7	Jonathan D. Zlotnik
8	8	_________________
9	9	To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
10	10	Court assembled:
11	11	The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
12	12	An Act relative to the taxation of inventory in manufacturing.
13	13	_______________
14	14	PETITION OF:
15	15	NAME:DISTRICT/ADDRESS :DATE ADDED:Jonathan D. Zlotnik2nd Worcester1/17/2025Donald R. Berthiaume, Jr.5th Worcester2/7/2025Susannah M. Whipps2nd Franklin2/10/2025 1 of 2
16	16	HOUSE DOCKET, NO. 3512 FILED ON: 1/17/2025
17	17	HOUSE . . . . . . . . . . . . . . . No. 3281
18	18	By Representative Zlotnik of Gardner, a petition (accompanied by bill, House, No. 3281) of
19	19	Jonathan D. Zlotnik, Donald R. Berthiaume, Jr. and Susannah M. Whipps relative to the taxation
20	20	of inventory in manufacturing. Revenue.
21	21	The Commonwealth of Massachusetts
22	22	_______________
23	23	In the One Hundred and Ninety-Fourth General Court
24	24	(2025-2026)
25	25	_______________
26	26	An Act relative to the taxation of inventory in manufacturing.
27	27	Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
28	28	of the same, as follows:
29	29	1 SECTION 1. Paragraph 7 of section 30 of chapter 63 of the General Laws, as appearing
30	30	2in the 2012 Official Edition, is hereby amended by striking out the first sentence and inserting in
31	31	3place thereof the following 2 sentences:- The value of tangible property taxable under subclause
32	32	4(A) of clause (1) of subsection (a) of section 39, for a corporation, except for a manufacturing
33	33	5corporation as defined in section 42B, shall be the book value of the corporation’s tangible
34	34	6property situated in the commonwealth on the last day of the taxable year as is not subject to
35	35	7local taxation nor taxable under section 67. The value of tangible property taxable under
36	36	8subclause (B) of clause (1) of subsection (a) of section 39, for a manufacturing corporation, as
37	37	9that term is defined in section 42B, shall be the book value of the manufacturing corporation’s
38	38	10tangible property held as raw material for the purpose of manufacturing and situated in the
39	39	11commonwealth on the last day of the taxable year as is not subject to local taxation nor taxable
40	40	12under section 67. 2 of 2
41	41	13 SECTION 2. Subsection (a) of said chapter 63, as so appearing, is hereby amended by
42	42	14striking out clause (1) and inserting in place thereof the following clause:-
43	43	15 (1) (A) In the case of a business corporation other than a manufacturing corporation, as
44	44	16that term is defined in section 42B, $2.60 per 1,000 upon the value of: (i) its tangible property as
45	45	17determined to be taxable under paragraph 7 of section 30 if a tangible property corporation; or
46	46	18(ii) its net worth as determined to be taxable under paragraph 8 of section 30 if an intangible
47	47	19property corporation; or (B) in the case of a manufacturing corporation, as that term is defined in
48	48	20section 42B: (i) for tax years beginning on or after January 1, 2026, $2.00 per 1,000 upon the
49	49	21value of its tangible property as determined to be taxable under paragraph 7 of section 30 if a
50	50	22tangible property corporation; (ii) for tax years beginning on or after January 1, 2027, $1.50 per
51	51	231,000 upon the value of its tangible property as determined to be taxable under paragraph 7 of
52	52	24section 30 if a tangible property corporation; (iii) for tax years beginning on or after January 1,
53	53	252028, $1.00 per 1,000 upon the value of its tangible property as determined to be taxable under
54	54	26paragraph 7 of section 30 if a tangible property corporation; (iv) for tax years beginning on or
55	55	27after January 1, 2029, $0.50 per 1,000 upon the value of its tangible property as determined to be
56	56	28taxable under paragraph 7 of section 30 if a tangible property corporation; (v) for tax years
57	57	29beginning on or after January 1, 2030, $0.00 per 1,000 upon the value of its tangible property as
58	58	30determined to be taxable under paragraph 7 of section 30 if a tangible property corporation; and.
59	59	31 SECTION 3. Section 42B of said chapter 63, as so appearing, is hereby amended by
60	60	32inserting after the word “corporation”, in line 11, the following words: - and except as set forth
61	61	33in clause (1) of subsection (a) of said section 39.