Massachusetts H3281 proposes to adjust the tax rate on inventory for manufacturing corporations.

Massachusetts H3281 amends the tax rate on inventory for manufacturing corporations. It sets the value of tangible property taxable for manufacturing corporations as their book value held as raw material. The bill phases down the tax rate for manufacturing corporations from $2.00 per $1,000 starting January 1, 2026, to $0.00 per $1,000 by January 1, 2030.

Massachusetts H3281 proposes to adjust the tax rate on inventory for manufacturing corporations.

Massachusetts H3281 amends the tax rate on inventory for manufacturing corporations. It sets the value of tangible property taxable for manufacturing corporations as their book value held as raw material. The bill phases down the tax rate for manufacturing corporations from $2.00 per $1,000 starting January 1, 2026, to $0.00 per $1,000 by January 1, 2030.