HOUSE DOCKET, NO. 3011        FILED ON: 1/14/2009

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2886

The Commonwealth of Massachusetts

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In the Year Two Thousand 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.