Who must pay this tax?
Individuals, Partnerships, Associations, Trusts, and Limited Liability Companies (LLC) filing federally as partnerships, disregarded entities (except LLC or other entity electing to be treated federally as as disregarded entity with S corporation as its sole member) and other non-corporate entities
.
Massachusetts Business and Out-of-State Business Corporations as defined in the
M.G.L. Chapter 63, Section 30, including Limited Liability Companies filing federally as corporations, or electing to be treated federally as disregarded entities having S corporations as their sole members; and Mutual Insurance Holding Companies.

Massachusetts and Out-of-State Manufacturing Corporations and Limited Liability Companies filing federally as corporations, or electing to be treated federally as disregarded entities having S corporations as their sole members, that have been classified as "manufacturing" by the Department of Revenue.

All other Massachusetts Corporations subject to taxation under G.L. Ch. 63, including financial institutions, insurance companies, savings and cooperative banks and utility corporations and all other Out-of-State Corporations subject to taxation under M.G.L. Chapter 63, Sections 20, 23, 52A & 58 and insurance companies if state of incorporation (or principal place of business if incorporated in foreign country) exempts similar tangible personal property of Massachusetts insurance companies. See Acts of 1941, Chapter 467.

All other Out-of-State Insurance Companies.

M.G.L. Chapter 63

Show All Answers

1. What is personal property?
2. Who must pay this tax?
3. What property is taxable?
4. What is a Form of List?
5. Who must file a return?
6. When and where must my return be filed?
7. Can I get an extension of the filing deadline?
8. What is the penalty for failure to file or filing late?
9. What is the return used for and who has access to it?
10. Who is eligible for an abatement?
11. What property is exempt?