Bill > S1661

This bill aims to remove certain impediments to corporate growth by making several changes to Massachusetts tax laws. Key provisions include: 1) Removing the minimum $456 corporate excise tax, allowing corporations to pay less than that amount. 2) Modifying the quarterly estimated tax payment system for corporations, reducing the required payment percentages in some cases. 3) Reducing the filing fee for the annual report required for limited liability companies from $500 to $125. The overall goal of the bill is to provide more flexibility and cost savings for corporations operating in Massachusetts, with the intention of promoting corporate growth and economic development in the state.

Budget and Finance

https://malegislature.gov/Bills/190/S1661