Legal definition of franchise tax
Corporate Finance & Taxation Legal Terminology

franchise tax

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.
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Clark E CandlerAttorney at LawPRACTICE AREA: Real Estate Law, Industrial Development Law
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Los Angeles TimesJerry Brown and Democratic legislative leaders are supporting a shakeup of the state tax board that would shift its job of holding tax appeal hearings to a new office of administrative law judges, State Controller Betty Yee said Monday. Two bills would ... more »
Seattle TimesTapping a 401(k) or an individual retirement account may solve an immediate financial problem, but it can create another one at tax time, when you'll pay substantial penalties and income taxes. Plus, the withdrawn money loses all the future tax ... more »
Hertfordshire MercuryA family of fraudsters who pocketed more than £45 million in the largest payroll fraud of its kind in the UK have been jailed for a total of 27-and-a-half years. Essex Police is also now looking to recover as much of the cash as possible from Geoffrey ... more »
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