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MA S1978

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Ryan Fattman

Click for details

Origin

Senate

194th General Court

AI Summary

  • Creates a new property tax exemption (Clause Fifty-ninth) for merchandise located in Massachusetts by amending Chapter 59, Section 5 of the General Laws
  • Exempts inventory held for sale, finished goods, products, goods, wares, and stock in trade from local property taxation
  • Covers work in progress, materials, supplies, and archived or stored goods under the exemption
  • Sponsored by Senator Ryan C. Fattman (Worcester and Hampden) with co-sponsor Senator Bruce E. Tarr (First Essex and Middlesex)
  • Similar legislation was filed in the previous 2023-2024 session as Senate No. 1806

Legislative Description

Relative to the inventory tax

Last Action

Accompanied a study order, see S2757

11/26/2025

Committee Referrals

Revenue2/27/2025

Full Bill Text

No bill text available