Definitions
There is 1 meaning of the phrase
Franchise Tax.
Franchise Tax - as a 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
Example Sentences
"The company had to pay a franchise tax to the state government."
"The franchise tax is used to fund public services."
"Many states impose a franchise tax on corporations."
"The franchise tax rate varies depending on the state."
"The franchise tax is calculated based on the company's net worth."
