Bill > S1442

This bill aims to remove obstacles to corporate growth by making changes to tax and fee structures. Specifically, it eliminates a minimum excise tax of $456 for certain corporations under chapter 63 of the General Laws, and it revises the rules for estimated tax payments for corporations under chapter 63B, changing the number of required installments and the percentages of the required annual payment that must be paid in each installment. The bill also adjusts specific percentage thresholds within chapter 63B related to estimated tax payments and modifies fees for filing corporate documents, including eliminating the fee for filing a certificate of organization and setting a $125 fee for annual reports under chapter 156C.