The Globe is reporting that the state’s Appellate Tax Board has ruled that:
Verizon must pay taxes on poles and wires over public ways – a decision that could bring an estimated $78 million tax boost to cities and towns.
“In terms of when cities and towns will be able to realize this money, we would be gathering information literally over the next week or two from Verizon and other companies,” said Navjeet Bal, the commissioner of the Department of Revenue. The department issues its central assessments in May, and changes would be reflected in tax bills for fiscal year 2009.
Additionally, cities and towns that have filed appeals could also be paid back taxes.
Verizon will most likely appeal this decision.