Section 79: Penalty for failure to make return for corporate franchise tax
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/ma/part-i/title-ix/chapter-63/79A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 79. Any corporation, company or association, liable to taxation under section fifty-eight, neglecting to make the returns required by subsection
(h)of section twelve of chapter sixty-two C, or refusing or neglecting, when required, to submit to the examinations provided for in section sixty-nine of this chapter, shall forfeit such sum not greater than two per cent upon the par value of its capital stock as the court may deem just and equitable.