NOUN
- a tax that is imposed by states on corporations; it depends both on the net worth of the corporation and on its net income attributable to activities within the state
How To Use franchise tax In A Sentence
- Casscles said there will be a ‘fair amount’ of other changes to be made as well, involving such details as franchise taxes and the vested rights of union employees.
- One key Republican lawmaker is proposing that the state close a franchise tax loophole for businesses.
- An LLC incurs one cost that an Inc does not: the annual franchise tax (about $800 annually in California).
- Minutes should be kept and annual reports and separate franchise tax returns filed. A registered office and registered agent must be maintained.
- Ample precedents exist for imposing spectrum use fees and cable franchise taxes for public telecommunications purposes.
- Ample precedents exist for imposing spectrum use fees and cable franchise taxes for public telecommunications purposes.
- One key Republican lawmaker is proposing that the state close a franchise tax loophole for businesses.
