Massachusetts Tax Board Grants Taxpayer LLC Property Tax Exemption

The Massachusetts Appellate Tax Board held that the taxpayer, a single-member limited liability company that elected to be taxed federally as a business corporation and was classified by the Commissioner of Revenue as a manufacturing corporation, was eligible for the property tax exemption under Massachusetts General Laws Chapter 59, Section 5, Clause Sixteenth (3)(i) for the relevant tax years. The dispute centered on whether the taxpayer could qualify for the manufacturing corporation property tax exemption without being a disregarded entity whose sole member was a manufacturing corporation, as required under a separate provision. The Board found that the taxpayer met ...