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)

Credits