Establishes a tiered corporate minimum tax in Massachusetts based on corporate sales.

The bill establishes a tiered corporate minimum tax in Massachusetts, setting different tax rates based on the corporation's total sales in the commonwealth. For corporations with sales less than $1,000,000, the minimum tax is $456. For sales between $1,000,000 and $5,000,000, the tax is $1,500. Higher sales brackets up to $1,000,000,000 have progressively higher minimum taxes, culminating in a $150,000 tax for sales over $1,000,000,000. This system aims to ensure corporations contribute a minimum tax based on their sales volume.

Establishes a tiered corporate minimum tax in Massachusetts based on corporate sales.

The bill establishes a tiered corporate minimum tax in Massachusetts, setting different tax rates based on the corporation's total sales in the commonwealth. For corporations with sales less than $1,000,000, the minimum tax is $456. For sales between $1,000,000 and $5,000,000, the tax is $1,500. Higher sales brackets up to $1,000,000,000 have progressively higher minimum taxes, culminating in a $150,000 tax for sales over $1,000,000,000. This system aims to ensure corporations contribute a minimum tax based on their sales volume.