Form 355sv - Taxation Of Ships And Vessels - Massachusetts Department Of Revenue

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Rev. 9/01
Massachusetts
Form 355SV
Department of
Taxation of Ships and Vessels
Revenue
Return relative to the taxation of ships and vessels engaged in interstate or foreign carrying trade and documented vessels engaged exclu-
sively in fishing.
For taxable year beginning
ending
Name of corporation
Mailing address
City/Town
State
Zip
General Laws, Chapter 63, Section 67
The Commissioner shall annually assess as of the last day of the
Commissioner is satisfied of the truth of the return filed pursuant
taxable year, as defined in paragraph 6 of section 30, an excise
to section 12 of chapter 62C, he shall deduct said value from the
tax upon the interest of every corporation organized under the
value of its corporate franchise, if it is taxable under section 58. If
laws of the Commonwealth of Massachusetts and having a place
a corporation filing said return is subject to taxation under section
of business therein, in any ship or vessel which has, during the
52A, it shall include in said return the amount of income received
period of its business in the year preceding such day, been
on its interest in any such ship or vessel during the taxable year
engaged in interstate or foreign carrying trade or engaged exclu-
and the commissioner in assessing the tax under section 52A
sively in fishing and documented and carrying “papers” under the
shall first deduct such income from the net income computed
laws of the United States, which tax shall be one-third of one per-
pursuant to said section.
cent upon the value of such interest as determined by him. If the
State value of the corporation’s interest in any ship or vessel engaged in interstate or foreign carrying trade or engaged exclusively in fishing and docu-
mented and carrying “papers” under the laws of the United States during the period of its business in the year preceding the last day of its taxable year.
Date of close of taxable year
Percent of ownership
Registered name of ship or vessel
of reporting corporation
Value of interest
$
Total value of interest
$
Declaration
We, the undersigned president and treasurer of the above-named corporation, each for himself states under the penalties of perjury that to
the best of his knowledge and belief, the items of value as above set forth are true and accurate in every particular.
President’s signature
Date
Treasurer’s signature
Date

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