Massachusetts General Laws Part I. Administration of the Government (Ch. 1-182) Ch. 176C, § 15

Every corporation subject to this chapter shall annually on or before March first, make a return to the commissioner of revenue, signed and sworn to by a majority of its board of directors, of the total amount of subscription dues paid by subscribing members during the preceding calendar year, and shall pay to said commissioner an excise of one per cent upon the amount of such dues. If said corporation neglects to make such return, it shall forfeit fifty dollars for each day such neglect continues.