Form 63 FI Instructions - Mass - bdembassyusa 2025

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A general business corporation is typically subject to the tax jurisdiction of Massachusetts when it owns or uses property in the state, has employees in the state or is otherwise doing business in the state. If a corporation is subject to Massachusetts tax jurisdiction it is said to have nexus with the Commonwealth.
The excise rate is $25 per $1,000 of your vehicles value. It is charged for a full calendar year and billed by the community where the vehicle is usually garaged. If your vehicle is registered in Massachusetts but garaged outside of Massachusetts, the Commissioner of Revenue will bill the excise.
Excise Tax payments can be made online from your checking account or with a credit card (except those bills on warrant with the Deputy Collector). Certain fees will apply to credit card transactions, while there is no charge to pay from your checking account.
While LLCs and partnerships arent subject to excise tax, any personal income made is subject to taxation under individual state tax returns. Corporations that operate in Massachusetts are subject to Massachusettss corporate excise tax.
Excise tax is an indirect tax on specific goods, services and activities. Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.
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Financial institution S corporations with receipts of $9,000,000 or more pay an income measure of excise at a rate of 4.0% on income allocated or apportioned to Massachusetts. S corporations with receipts of at least $6,000,000 but less than $9,000,000 pay tax at a rate of 2.67%.