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Franchise tax   /frˈæntʃˌaɪz tæks/   Listen
Franchise tax

noun
1.
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.





WordNet 3.0 © 2010 Princeton University


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"Franchise tax" Quotes from Famous Books



... the emergency message which I sent last evening to the Assembly on behalf of the Franchise Tax Bill has not been read. I, therefore, send hereby another. I need not impress upon the Assembly the need of passing this bill at once .... It establishes the principle that hereafter corporations holding franchises from the public shall pay their just ...
— Theodore Roosevelt; An Intimate Biography, • William Roscoe Thayer


Words linked to "Franchise tax" :   tax, taxation, revenue enhancement


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