Massachusetts Tax Board Grants Property Tax Exemption to Taxpayer Energy Company

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 arose when the Board of Assessors of the City of Cambridge challenged the Commissioner’s classification of the taxpayer LLC as a manufacturing corporation, claiming it did not qualify for the exemption. However, the Board found that the taxpayer LLC ...