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Franchise Tax

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Franchise Tax
In the United States, a state-level tax on a businesses and partnerships registered or chartered in that state. The franchise tax is paid annually and gives a business or partnership the right to continue to operate in that state. Franchise taxes are calculated differently in each state.

franchise tax
A tax on the right of a firm to do business within a certain geographic region.


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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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