Middlesex to terminate machinery & tools tax
by Larry S. Chowning
During a budget work session on Tuesday, February 5, the Middlesex County Board of Supervisors agreed to eliminate the county’s machinery and tools tax.
“If we were the Town of West Point and had the paper mill, this tax would mean a great deal to our local government,” said county administrator Matt Walker. “The paper mill has machinery worth millions of dollars and I’ve heard that the tax by itself pays for much of the cost of the West Point School System.”
Board chairman Carlton Revere said eliminating the tax was discussed last year and the board felt then that it ought to be dropped from the books. “If it’s only impacting a few businesses then I don’t think it is a fair tax and should not be on the books,” he said.
Middlesex Commissioner of the Revenue Bonnie Davenport said the taxable value of machinery and tools in Middlesex is $170,336, and the 11 businesses that pay the tax generate $2,980 in revenue.
To officially dissolve the tax, supervisors will have to repeal the county’s tax ordinance that established the machinery and tools tax, and then vote to eliminate it when the 2013-14 budget is approved in the spring.