English Dictionary |
FRANCHISE TAX
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Dictionary entry overview: What does franchise tax mean?
• FRANCHISE TAX (noun)
The noun FRANCHISE TAX has 1 sense:
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
Familiarity information: FRANCHISE TAX used as a noun is very rare.
Dictionary entry details
Sense 1
Meaning:
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
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("franchise tax" is a kind of...):
revenue enhancement; tax; taxation (charge against a citizen's person or property or activity for the support of government)
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