Massachusetts General Laws - General Provisions Relative to Taxation - Chapter 58, Section 28

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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.

Last modified: March 26, 2006