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May 10, 2024 Clouds | 57°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title IX TAXATION
  4. Chapter 58 GENERAL PROVISIONS RELATIVE TO TAXATION
  5. Section 28 Annual assessments for deposits with state treasurer; trust funds

Section 28

Section 28: Annual assessments for deposits with state treasurer; trust funds

Section 28. The commissioner shall annually assess upon every corporation or organization required by law to make deposits in trust with the state treasurer one twentieth of one per cent of the average of such deposits by it for the year last preceding such assessment. Such assessment shall be collected in the same manner as taxes upon corporations.