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Franchise Tax in Massachusetts

April 13, 2006

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Corporations doing business in Massachusetts are required to file an annual report to the secretary of state. This report is due annually and requires a $125 fee ($150 if not filed timely). There is a similar fee of $500 for limited liability companies.

Massachusetts does not have any other income-based franchise tax on corporations. However, a corporation must pay income taxes. See income taxes on business income for descriptions and rules relating to corporate income tax.

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