An Act establishing a tiered corporate minimum tax

HD 1204 establishes a tiered minimum tax for corporations operating in the Commonwealth based on their annual sales within the state. Corporations with sales under $1 million pay $456, while those with sales exceeding $1 billion pay $150,000 annually. The tax applies directly to out-of-state corporations doing business in the Commonwealth, with rates increasing incrementally as sales volume rises across nine defined tiers. This policy changes the existing minimum tax structure by tying payments strictly to sales thresholds rather than income.