Bi-Rite, Inc. v. Concord

Stock in trade of merchants and shopkeepers employed in their trade or business constitutes personal estate liable to be taxed. RSA 72:15 I. If such stock in trade is the property of a corporation it “shall be taxed to the corporation . . . in the town in which it is located.” RSA 73:3; Woodsum Steamboat Co. v. Sunapee, 74 N. H. 495, 496.

If the owner, individual or corporation, is engaged in business on April 1 it is assessed not on the amount of stock in trade on hand on that date but upon the average amount employed in the trade or business during the year. Bemis &c. Bag Co. v. Claremont,…