| / English Dictionary |
FRANCHISE TAX
| Pronunciation (US): |  | (GB): | |
I. (noun)
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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