Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2018

Sales and Use Tax Annotations

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415.0000 PERSON

Annotation 415.0113

415.0113 Massachusetts or Business Trusts. The Massachusetts or Business Trust is neither a corporation nor a partnership. It is an organization using a common law trust for the purpose of conducting business. section 6005 of the Sales and Use Tax Law includes the definition of "person" . . . "trust, business trust" . . . "trustee." Applicants for permits using this business structure should be required to furnish a copy of the document setting up the trust and personal asset information should be obtained from each trustee and they should be advised that each will be liable for the full business liability. 9/22/93.