franchise tax

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Noun

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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References in periodicals archive ?

Maybe you thought Pennsylvania's dreaded capital stock and franchise tax was dead.

Bill would scrub old tax formula from books

1, the Taxpayers' Rights Advocate Office began administering the franchise and income tax portion of the Tax Appeals Assistance Program, which offers free legal assistance to eligible taxpayers of limited means who have filed an appeal to the Office of Tax Appeals on an action taken by the Franchise Tax Board.

Tax Appeals Assistance Program Information Available

In lieu of all these taxes and duties, a 3-percent franchise tax was proposed to be collected from SPSBC under the original bills.

Was Leviste solar firm given undue edge with tax, regulatory perks in franchise bill?

Revenue stability is supported by pledged loans of franchise tax revenues from creditworthy, contracting member cities that UIA could call upon, if necessary.

Fitch Rates Utah Infrastructure Agency's Telecom Revs 'BBB-'; Outlook Stable

Some provisions in TRAIN 2 might also be inflationary, the senator said, citing the franchise tax on telco companies that will 'probably be passed down to the consumer.'

TRAIN 2 stalls in Senate despite Duterte push

Under the old rules, POGO was subject to five percent franchise tax based on predetermined minimum monthly income.

BIR revises tax rules for offshore gaming operations

Look at the efforts to kill the state's business franchise tax. It's a significant source of state money - $7.6 billion every two years - but lots of businesses would like to kill it.

Analysis: How current Texas lawmakers can boss future lawmakers around

Nor would any discussion of Skelly be complete without attention to its adoptive child, Franchise Tax Board v.

Another look at Skelly Oil and Franchise Tax Board

The chapter hosted senior officials from the Internal Revenue Service, the Franchise Tax Board, the State Board of Equalization, and the County Office of the Assessor, as well as TEI Executive Director Eli Dicker.

Holds Annual Meeting and Tax Administrator Night

Several states impose a capital-based franchise tax in addition to a corporate income tax.

Are alternative investments worth their SALT for tax-exempt organizations?

Most corporations pay the minimum franchise tax rate of $150.

Business reports, taxes due

Ohio enacted the CAT in 2005 "on each person with taxable gross receipts for the privilege of doing business in this state" as part of a major reform that included a reduction of personal income tax rates and gradual repeal of personal property taxes and a previous corporate franchise tax. It levies $150 on the first $1 million in taxable gross receipts (after exempting the first $150,000) and 0.26% on receipts above $1 million.