Massachusetts H3076 amends tax laws to delay assessment of machinery for manufacturing corporations if annual lists are not submitted on time.

Massachusetts H3076 modifies the state's tax laws to ensure that the classification of a corporation as a manufacturing corporation does not affect the assessment of machinery used in business unless the commissioner forwards the annual list to the board of assessors by July 1. If the list is not submitted on time, the assessment of machinery used in the conduct of business is postponed until the next fiscal year. The bill also includes a technical amendment to the wording of the law.

Massachusetts H3076 amends tax laws to delay assessment of machinery for manufacturing corporations if annual lists are not submitted on time.

Massachusetts H3076 modifies the state's tax laws to ensure that the classification of a corporation as a manufacturing corporation does not affect the assessment of machinery used in business unless the commissioner forwards the annual list to the board of assessors by July 1. If the list is not submitted on time, the assessment of machinery used in the conduct of business is postponed until the next fiscal year. The bill also includes a technical amendment to the wording of the law.