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franchise tax

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.franchise tax - 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
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government


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Wilcox, Staff Writer The California Franchise Tax Board began sending notices Monday to more than 35,000 companies that failed to file a 2007 tax return and still owe $13 billion.
Franchise Tax Board) has held that it is up to the FTB to prove that a challenged voucher was issued by the local agency in error.
Background Electronic Data Systems Corporation (EDS) filed California franchise tax returns for the years ended December 31, 1997, and December 31, 1998.
 
 
 
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