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HOUSE DOCKET, NO. 3512 FILED ON: 1/17/2025
HOUSE . . . . . . . . . . . . . . . No. 3281
The Commonwealth of Massachusetts
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PRESENTED BY:
Jonathan D. Zlotnik
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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 taxation of inventory in manufacturing.
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PETITION OF:
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
HOUSE DOCKET, NO. 3512 FILED ON: 1/17/2025
HOUSE . . . . . . . . . . . . . . . No. 3281
By Representative Zlotnik of Gardner, a petition (accompanied by bill, House, No. 3281) of
Jonathan D. Zlotnik, Donald R. Berthiaume, Jr. and Susannah M. Whipps relative to the taxation
of inventory in manufacturing. Revenue.
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 taxation of inventory in manufacturing.
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. Paragraph 7 of section 30 of chapter 63 of the General Laws, as appearing
2in the 2012 Official Edition, is hereby amended by striking out the first sentence and inserting in
3place thereof the following 2 sentences:- The value of tangible property taxable under subclause
4(A) of clause (1) of subsection (a) of section 39, for a corporation, except for a manufacturing
5corporation as defined in section 42B, shall be the book value of the corporation’s tangible
6property situated in the commonwealth on the last day of the taxable year as is not subject to
7local taxation nor taxable under section 67. The value of tangible property taxable under
8subclause (B) of clause (1) of subsection (a) of section 39, for a manufacturing corporation, as
9that term is defined in section 42B, shall be the book value of the manufacturing corporation’s
10tangible property held as raw material for the purpose of manufacturing and situated in the
11commonwealth on the last day of the taxable year as is not subject to local taxation nor taxable
12under section 67. 2 of 2
13 SECTION 2. Subsection (a) of said chapter 63, as so appearing, is hereby amended by
14striking out clause (1) and inserting in place thereof the following clause:-
15 (1) (A) In the case of a business corporation other than a manufacturing corporation, as
16that term is defined in section 42B, $2.60 per 1,000 upon the value of: (i) its tangible property as
17determined to be taxable under paragraph 7 of section 30 if a tangible property corporation; or
18(ii) its net worth as determined to be taxable under paragraph 8 of section 30 if an intangible
19property corporation; or (B) in the case of a manufacturing corporation, as that term is defined in
20section 42B: (i) for tax years beginning on or after January 1, 2026, $2.00 per 1,000 upon the
21value of its tangible property as determined to be taxable under paragraph 7 of section 30 if a
22tangible property corporation; (ii) for tax years beginning on or after January 1, 2027, $1.50 per
231,000 upon the value of its tangible property as determined to be taxable under paragraph 7 of
24section 30 if a tangible property corporation; (iii) for tax years beginning on or after January 1,
252028, $1.00 per 1,000 upon the value of its tangible property as determined to be taxable under
26paragraph 7 of section 30 if a tangible property corporation; (iv) for tax years beginning on or
27after January 1, 2029, $0.50 per 1,000 upon the value of its tangible property as determined to be
28taxable under paragraph 7 of section 30 if a tangible property corporation; (v) for tax years
29beginning on or after January 1, 2030, $0.00 per 1,000 upon the value of its tangible property as
30determined to be taxable under paragraph 7 of section 30 if a tangible property corporation; and.
31 SECTION 3. Section 42B of said chapter 63, as so appearing, is hereby amended by
32inserting after the word “corporation”, in line 11, the following words: - and except as set forth
33in clause (1) of subsection (a) of said section 39.