State Tax Form 2
The Commonwealth of Massachusetts
Assessors’ Use only
Revised 12/2005
Name of City or Town Date Received
FISCAL YEAR _______ -- FORM OF LIST
Return of personal property subject to taxation
General Laws Chapter 59 §29
TO BE FILED BY ALL INDIVIDUALS, PARTNERSHIPS, ASSOCIATIONS OR TRUSTS, CORPORATIONS, LIMITED
LIABILITY COMPANIES AND OTHER LEGAL ENTITIES SUBJECT TO TAXATION IN THIS CITY OR TOWN
PERSONAL PROPERTY SCHEDULES NOT OPEN TO PUBLIC INSPECTION
(See General Laws Chapter 59 §32)
Return to: Board of Assessors
Form must be filed by March 1 unless an
extension is granted by the board of assessors
1. TAXPAYER INFORMATION. Complete all sections that apply. Please type or print.
A. Name of taxpayer: B. Assessors’ use only
(1) Owner’s name:
(2) Business name:
C. Indicate status:
Individual.
Partnership. Indicate names of all partners:
Association or Trust. Indicate names of all trustees:
Corporation.
Check here if corporation classified as a manufacturer by Commissioner of Revenue.
(To be classified as a manufacturer, an
application must be made to the Commissioner on or before January 31 on form 355Q. G.L. Ch. 63, §§38C & 42B; Ch. 58 §2; Ch. 59
§5(16)(5) and 830 C.M.R. 58.2.1)
if a mutual insurance holding company (G.L. Ch. 175 §§19F-19W and Ch. 63 §§30, 32 & 39)
if an insurance company incorporated in a state other than Massachusetts or in a foreign country
if a financial institution
(G.L. Ch. 63 §§1 & 2)
if a utility corporation (G.L. Ch. 63 §52A)
Limited Liability Company.
Files federal taxes as corporation partnership disregarded entity other entity (specify) ______________________
Effective date of election to file as such entity: __________________. Attach copy of such election.
Indicate names of all members: _________________________________________________________
Check here if LLC classified as a manufacturer by Commissioner of Revenue.
(To be classified as a manufacturer, an
application must be made to the Commissioner on or before January 31 on form 355Q. G.L. Ch. 63, §§38C & 42B; Ch. 58 §2; Ch. 59
§5(16)(5) and 830 C.M.R. 58.2.1)
If LLC, or other entity, electing to be treated federally as disregarded entity, has S corporation as sole member. Yes No
Executor/administrator. Indicate estate of: _______________________________________________________________
Decedent’s last residence: __________________________________________________________________
Other. Specify:
D. Nature of business or profession:
E. State of incorporation:
F. Date of incorporation:
G. Business address
(1) Address: _____________________________________________________________________________________________
(2) Mailing address (if different): ___________________________________________________________________________
(3) Telephone number: ( ) ____________________________________________________________________________
H. Location(s) of personal property:
THIS FORM APPROVED BY THE COMMISSIONER OF REVENUE
2. GENERAL INFORMATION
A. WHO MUST FILE A RETURN. This Form of List (State Tax Form 2) must be filed each year by all individuals, partnerships, associations, trusts, corporations, limited
liability companies and other legal entities that own or hold taxable personal property on January 1. This may include owners of pipelines and telephone and telegraph
companies that are required to file a personal property return with the Massachusetts Department of Revenue under G.L. Ch. 59 §§38A or 41 and also own other taxable
personal property. Individuals owning or holding household furnishings and effects not located at their domicile on January 1 must also file State Tax Form 2HF. Literary,
temperance, benevolent, charitable or scientific organizations that may be entitled to an exemption under G.L. Ch. 59 §5 Clause 3 must file State Tax Form 3ABC listing all
property they own or hold for those purposes on January 1.
B. WHEN AND WHERE RETURN MUST BE FILED. Returns must be filed by March 1 with the board of assessors in the city or town where the personal property is situated
on January 1. If the property has no situs on January 1, it must be listed on a return filed with the assessors in the city or town where you are domiciled (legal residence or
place of business). A return is not considered filed unless it is complete.
C. EXTENSION OF FILING DEADLINE. The board of assessors may extend the filing deadline if you can show sufficient reason for not filing on time. The latest date the filing
deadline can be extended is 30 days after the tax bills are mailed for the fiscal year. Requests for an extension must be made in writing to the assessors.
D. PENALTY FOR FAILURE TO FILE OR FILING LATE. If you do not file a return for the fiscal year, the assessors cannot grant an abatement for overvaluation of the personal
property for that year. If the return is not filed on time, the assessors can only grant an abatement if you show a reasonable excuse for the late filing or the tax assessed is
more than 150% of the amount that would have been assessed if the return had been timely filed. In that case, only the amount over that percentage can be abated. You can
avoid this penalty by filing on time.
E. USE OF AND ACCESS TO RETURN. The information in the return is used by the board of assessors to determine the taxable or exempt status of your personal property
and, if taxable, its fair market value. You may also be required to provide the assessors with further information about the property in writing and asked to permit them to
inspect it. Personal property information listed in Schedules A-I is not available to the public for inspection under the state public records law. It is available only to
the assessors and Massachusetts Department of Revenue for purpose of administering the tax laws.
3. TAXABLE PERSONAL PROPERTY
In general, all tangible personal property situated in Massachusetts and all tangible personal property owned by Massachusetts domiciliaries is taxable unless expressly exempt.
[G.L. Ch. 59 §§2 & 18]. Exemptions are usually based on (1) ownership, (2) type of property, or (3) use of property. The following chart summarizes the personal property that
is taxable and must be listed in the return. If you have any questions about the taxable status of your personal property, please contact your board of assessors.
A. 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 disregarded entity with S corporation as its sole member)
and other non-corporate entities
All tangible personal property requested in the schedules that follow. Individuals are entitled to
an exemption for (1) household furniture and effects at the place of their domicile, (2) farm
utensils, (3) tools of a mechanic’s trade, and (4) boats, fishing gear and nets up to a value of
$10,000 owned and actually used in the individual’s business if engaged exclusively in
commercial fishing. [G.L. Ch. 59 §5, cl. 20].
B. MASSACHUSETTS BUSINESS and OUT-OF-STATE BUSINESS
CORPORATIONS as defined in G.L. Ch. 63 §30, including
LIMITED LIABILITY COMPANIES filing federally as corporations, or
electing to be treated federally as disregarded entities and having S
corporations as their sole members, and
MUTUAL INSURANCE HOLDING COMPANIES
Poles, underground conduits, wires and pipes. All “machinery used in the conduct of business”
except
machines that are:
(1) stock in trade,
(2) used directly in dry cleaning or laundering processes, to refrigerate goods or to air
condition premises, or
(3) used directly in purchasing, selling, accounting or administrative functions. [G.L. Ch. 59
§5, cl. 16(2)].
C. MASSACHUSETTS and OUT-OF-STATE MANUFACTURING
CORPORATIONS and LIMITED LIABILITY COMPANIES filing federally
as corporations, or electing to be treated federally as disregarded
entities and having S corporations as their sole members, that have
been classified as “manufacturing” by the Department of Revenue
Poles, underground conduits, wires and pipes. All tangible personal property used in the
manufacture or generation of electricity except property that:
(1) is a cogeneration facility of 30 megawatts or less in capacity, or
(2) was exempt because of a manufacturing classification effective on or before January 1,
1996. [G.L. Ch. 59 §5, cl. 16(3)].
D. 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 G.L. Ch. 63 §§20, 23, 52A & 58, including utility corporations,
public service corporations subject to taxation under G.L. Ch. 63 §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, Ch. 467.
Poles, underground conduits, wires and pipes. Machinery used in manufacture, or in supplying
or distributing water. [G.L. Ch. 59 §5, cl. 16(1)].
E. ALL OTHER OUT-OF-STATE INSURANCE COMPANIES
All tangible personal property requested in the schedules that follow. [G.L. Ch. 59 §5, cl. 16(1)].
4. INSTRUCTIONS FOR COMPLETING SCHEDULES
List all items of taxable personal property owned or held on January 1 in the appropriate schedules that follow, including items in your physical possession on that date under a
lease, consignment, license, mortgage, pledge or other arrangement. You must also list all real property owned in the city or town on January 1. For your return to be
considered complete, all information specified in the schedules except
the “Estimated Market Value” must be provided and all copies of leases, consignments, etc., for any
property in your possession under such arrangements must be attached.
A. POLES, UNDERGROUND CONDUITS, WIRES AND PIPES.
B. MACHINERY. Including manufacturing and generating machinery and equipment (turbines, engines, etc.), construction machinery, copying and reproduction equipment,
automated data and word processing equipment, appliances (freezers, refrigerators, air conditioners, etc.), electronics (televisions, microwaves, etc.) and any other
machines and mechanical devices.
C. TOOLS AND EQUIPMENT. Includes trade, business, or professional tools and equipment, including restaurant, laboratory and medical equipment, not listed as
machinery.
D. BUSINESS FURNITURE AND FIXTURES. Includes business, professional, commercial or service fittings and furnishings (desks, tables, cabinets, display cases), rugs, floor
coverings and draperies, lamps, specialized lease-hold improvements (restaurant fittings, modular walls, etc.), works of art and decorations, books and professional
libraries and all other fittings and effects.
E. MERCHANDISE. Includes goods, wares, or any stock in trade in any store or other place of sale, in any warehouse or other place of storage, out on lease or consignment,
etc.
F. UNREGISTERED MOTOR VEHICLES AND TRAILERS. Includes motor vehicles not carrying Massachusetts registration plates under G.L. Ch. 90, unregistered
agricultural (except
those subject to the farm excise under G.L. Ch. 59 §8A) and industrial tractors, trailers, snowmobiles, motorized golf carts and all other kinds and type
of unregistered vehicles.
G. ANIMALS. Includes: (1) mules and horses one year or older, (2) neat cattle (cows, yearlings, bulls, steers, heifers, etc.) one to three years old and not held for the owner’s
personal consumption, (3) neat cattle three years or older, (4) swine, sheep and goats six months or older, (5) domestic fowl (chickens, ducks, geese, turkey), and (6) all other
domestic animals, wildlife and gamefish (mink, fox, etc.) not subject to the farm excise under G.L. Ch. 59 §8A.
H. FOREST PRODUCTS. Includes forest products severed from the soil such as cordwood, timber, Christmas trees and other forest products not subject to the classified
forest products tax under G.L. Ch. 61.
I. OTHER TAXABLE PERSONAL PROPERTY. Includes all other tangible personal property not specifically exempt from taxation.
J. REAL PROPERTY. Includes all real property owned in the city or town on January 1.
IMPORTANT: MAKE SURE YOU USE THE SAVE COPY (disk icon) BUTTON ON THE ADOBE COMMAND BAR TO SAVE.
A. POLES, UNDERGROUND CONDUITS, WIRES AND PIPES
*
Own/Other
Type Quantity/Run feet Size Make Nature of
use
Years
installed
Year of
purchase
Purchase
price
Estimated
market value
Continue list on attachment, in same format, as necessary. Subtotal Schedule A
Subtotal attachment
TOTAL
B. MACHINERY
*Own/Other No. Description Nature of
use
Manufacturer Model Year of
purchase
Purchase
price
Estimated
market value
Continue list on attachment, in same format, as necessary. Subtotal Schedule B
Subtotal attachment
TOTAL
C. TOOLS AND EQUIPMENT
*Own/Other No. Description Nature of
use
Type/model Year of
purchase
Purchase
price
Estimated
market value
Continue list on attachment, in same format, as necessary. Subtotal Schedule C
Subtotal attachment
TOTAL
D. BUSINESS FURNITURE AND FIXTURES
*Own/Other No. Description Year of
purchase
Purchase
price
Estimated
market value
Continue list on attachment, in same format, as necessary. Subtotal Schedule D
Subtotal attachment
TOTAL
E. MERCHANDISE
*Own/Other Type Description Purchase
price
Estimated
market value
Finished goods or products
Work in progress
Materials or supplies
Continue list on attachment, in same format, as necessary. Subtotal Schedule E
Subtotal attachment
TOTAL
F. UNREGISTERED MOTOR VEHICLES AND TRAILERS
*Own/Other Year
of mfr.
Model,
name,
letter or
number
Make Type: Describe sufficiently for identification giving
number of passengers, number of doors, type of
body. If not required to be registered, so state and
name use.
No. of
cylinders
or rated
capacity
Purchase
price
Estimated
market value
Continue list on attachment, in same format, as necessary. Subtotal Schedule F
Subtotal attachment
TOTAL
*
Specify if property owned, leased, consigned, etc. and attach copies of lease or other agreement with owner.
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IMPORTANT: MAKE SURE YOU USE THE SAVE COPY (disk icon) BUTTON ON THE ADOBE COMMAND BAR TO SAVE.
CLICK HERE FOR ATTACHMENT WORKSHEETS
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G. ANIMALS
Own/Other No. Kind Age Purchase
price
Estimated
market value
Continue list on attachment, in same format, as necessary. Subtotal Schedule G
Subtotal attachment
TOTAL
H. FOREST PRODUCTS
*Own/Other No. Description Estimated market value
Continue list on attachment, in same format, as necessary. Subtotal Schedule H
Subtotal attachment
TOTAL
I. OTHER TAXABLE PERSONAL PROPERTY
*Own/Other No. Description Year of
purchase
Purchase
price
Estimated
market value
Continue list on attachment, in same format, as necessary. Subtotal Schedule I
Subtotal attachment
TOTAL
J. REAL PROPERTY
Address Use: residence or business
Continue list on attachment, in same format, as necessary.
5. SIGNATURES
A. SIGNATURE OF TAXPAYER. This list, prepared or examined by me, includes all taxable personal property owned or held by the maker of
this list on January 1 (except property that must be listed on State Tax Form 2HF) and to the best of my knowledge and belief, it and all accompanying
schedules and statements are true, correct and complete.
Subscribed this ________________________ day of ________________________ , ________ , under the penalties of perjury.
Signature ____________________________________________________________ (
Sign full name of individual or authorized officer)
Title of authorized officer ________________________________________________
____________________________________________________________________________________________________( )_______________________
(Print or type) Name of signer Address Telephone
Email Address _____________________________________ FAX Number ________________________________________
B. DESIGNATION OF REPRESENTATIVE.
If it is your desire to be represented by an employee, attorney, accountant or other agent with
respect to any matter associated with this list, indicate the name of the person you have authorized and to whom the contents of this list may be
disclosed, along with the information requested
.
Name of designated representative __________________________________________________________________________
Address__________________________________________________ Telephone (_____)________________________________
Email Address _____________________________________ FAX Number ________________________________________
ASSESSORS’ USE ONLY
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CLICK HERE FOR ATTACHMENT WORKSHEETS
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IMPORTANT: MAKE SURE YOU USE THE SAVE COPY (disk icon) BUTTON ON THE ADOBE COMMAND BAR TO SAVE.
click to sign
signature
click to edit
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