An Act establishing a tiered corporate minimum tax

This Massachusetts bill establishes a tiered corporate minimum tax that requires businesses to pay a set fee based on their annual sales within the state. Companies with less than one million dollars in sales pay $456, while those with over one billion dollars in sales pay $150,000, with specific amounts set for every sales bracket in between. The tax applies to corporations operating in Massachusetts starting with tax years that begin on or after January 1, 2023.