Franchise tax — is a tax charged by some US states to corporations formed in those states based on the number of shares they issue or, in some cases, the amount of their assets. The purpose of the tax is to raise revenue for the state. The State of Delaware has… … Wikipedia
franchise tax — A tax upon the privilege of existing or the privilege of doing certain things. An annual tax on the privilege of doing business in a state; it is not a direct tax on income. Hoosier Engineering Co. v. Shea, 124 Vt. 341, 205 A.2d 821, 822. A tax… … Black's law dictionary
franchise tax — A tax upon the privilege of existing or the privilege of doing certain things. An annual tax on the privilege of doing business in a state; it is not a direct tax on income. Hoosier Engineering Co. v. Shea, 124 Vt. 341, 205 A.2d 821, 822. A tax… … Black's law dictionary
Franchise Tax — A tax levied at the state level against businesses and partnerships chartered within that state. In some states, companies with operations in that state may also be liable for the tax even if they are chartered in another state. This is a… … Investment dictionary
franchise tax — 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 • Hypernyms: ↑tax, ↑taxation, ↑revenue enhancement * * * noun : a business … Useful english dictionary
franchise tax — A state tax on corporations or businesses that is levied for the right to conduct business, as opposed to a tax on profits, property or income … Business law dictionary
California Franchise Tax Board — The California Franchise Tax Board (FTB) collects state personal income tax and corporate income tax of California. [ [http://www.ftb.ca.gov/individuals/txdlnqnt.html Delinquent Taxpayers with name, city, and zip code] ] HistoryIn 1879 California … Wikipedia
corporation franchise tax — See franchise tax … Ballentine's law dictionary
franchise — fran·chise / fran ˌchīz/ n [Anglo French, literally, freedom, liberty, from Middle French, from franchir to free, from Old French franc free] 1: a special right or privilege granted by the government to an individual, group, or business entity:… … Law dictionary
tax — 1 vt [Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix] 1: to assess or determine judicially the amount of (costs of an action in court) 2: to levy a tax on tax the corporation tax capital gains tax·er n tax 2 … Law dictionary
