Chadwick-BaRoss, Inc. v. City of Westbrook

[1Í1] In this appeal, we are asked to determiné whether the ■ Superior Court (Cumberland Coirnty, Mills, J.) erred in concluding that equipment owned by a business taxpayer — but leased to others— did not fall clearly within the personal property tax exemption for stock-in-trade. See 36 M.R.S. § 655(1)(B) (2015)./ Chadwick-BaRoss, Inc., appeals from á summary judgment entered in favor of the City of Westbrook and its tax assessor on Chadwick-BaRoss’s complaint seeking a declaratory judgment that .it did not owe personal property taxes on heavy equipment that it leased to others. We conclude,…