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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All of the members have sufficient franchise tax revenues to cover their obligations to UIA and any other franchise tax obligations outstanding.
Somebody in this conservative state is going to have to find $7.6 billion when the franchise tax is gone; that's probably not going to be a popular cause.
But whether or not mirror-image cases "expand" federal jurisdiction, the fact remains that the Court has refused to allow federal courts to hear a sub-category of such cases exemplified by the oft-maligned Franchise Tax Board v.
A few of those states also have a broad-based franchise tax on gross receipts including those from items exempt from sales or use tax.
The ENI-based franchise tax should be computed as follows:
The US State of California Franchise Tax Board (FTB) has chosen IBM to supply hardware, software and services to improve its existing technology infrastructure.
As the hunt for additional tax sources continues, Utah business owners concerned about higher franchise taxes will want to vigilantly monitor the legislative process to determine, and then respond to, any activity that may be counterproductive to their operations.
Some speakers at the meeting Monday suggested that all businesses pay franchise taxes. One suggested that the state look into ways to tax catalog sales, a suggestion McDonald said could be expanded to include Internet sales.
(This article is limited to a discussion of income and franchise taxes. The company should balance these strategies with strategies for other state and local taxes, such as property taxes.)
The bonds are limited obligations of the PTC, payable from an allocation of a portion of the commonwealth's oil franchise tax. The commonwealth legislature made the allocation with Act 26 of 1991, designating 14% of 55 mills of the OFT to the PTC as a continuing appropriation.
A Pogo's income from other related services or its nongaming operations, meanwhile, will be subject to normal income tax, value-added tax (VAT) and other applicable taxes, as may be deemed appropriate, the BIR said, noting that the 5-percent franchise tax in lieu of all taxes will not apply.
Dennis Bonnen, R-Angleton, would cut the unpopular "franchise tax" paid by businesses.