Bill Text: MA H2886 | 2009-2010 | 186th General Court | Introduced
Bill Title: The taxation of certain personal property loaned to charitable organizations
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-01-20 - Public Hearing date 5/27 at 10:00 AM in Hearing Room B2 [H2886 Detail]
Download: Massachusetts-2009-H2886-Introduced.html
The Commonwealth of Massachusetts
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PRESENTED BY:
Robert L. Rice, Jr.
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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 passage of the accompanying bill:
An Act relating to taxation of certain personal property.
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PETITION OF:
|
Name: |
District/Address: |
|
Robert L. Rice, Jr. |
2nd Worcester |
The Commonwealth of Massachusetts
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In the Year Two Thousand and Nine
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An Act
relating to taxation of certain personal property.
Be it enacted
by the Senate and House of Representatives in General Court assembled, and by
the authority of the same, as follows:
SECTION 1. Section 5 of chapter 59 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by inserting, in line 451, after the word "domicile," the following words:- or on loan to a charitable organization, provided, however, that no such property shall be exempt if it would not be exempt pursuant to the provisions of clause Third if such property were owned by such organization or if the owner, or his spouse, is an employee of such organization to whom compensation is paid.
