franchise tax


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  • noun

Words related to franchise tax

a tax that is imposed by states on corporations

References in periodicals archive ?
56 billion over the next two years and includes an across-the-board 25 percent cut in the franchise tax rate paid by businesses.
As a result of this decision, CPAs and businesses that owe the Texas franchise tax should review their prior Texas franchise tax reports to determine whether they overpaid and are entitled to refunds.
The CAT's enabling legislation declares that it does not violate the state constitution in this regard because it is not a sales or excise tax but a franchise tax, imposed for the privilege of doing business in Ohio.
Specifically, we comment on those provisions that would expand the State's franchise tax to all entities with limited liability (Section 27B.
The Franchise Tax Board also reviewed Archibald's tax returns for 2000 and 2001 and found that he had not reported the deposits on his tax returns, Schmidt said.
Perry that would have reformed the corporate franchise tax and raised the state's sales tax.
Berman said he was unaware of problems with the franchise tax but he is well versed in the need for equity between apartment owners and private home owners.
The Franchise Tax Board welcomes and encourages taxpayer participation in shaping California's income tax laws.
As the Texas House and Senate appear at an impasse over what tax cuts to approve this session, House Ways and Means Chairman Dennis Bonnen said Tuesday that he'd be fine with replacing both chamber's proposals with an even larger cut in the franchise tax paid by businesses.
For franchise tax purposes, the bill creates a tax credit for qualified research and development expenditures in Texas.
On May 18, 2006, Texas governor Rick Perry signed legislation that completely revamped the Texas franchise tax law (2006 TX H.
Every incorporated business must pay the franchise tax to conduct business in Arkansas.
He also is expected to be fined more than $10,000 and ordered to pay $155,000 in restitution to Casden and $25,780 to the Franchise Tax Board.
The practical aspects of these sayings came home to roost in recent months when a CPA visited the Franchise Tax Board's website to get the estimated tax payments of a client's former spouse.