Franchise tax sentence example

franchise tax
  • The expenses of the state government are met chiefly by special taxes on railway and canal corporations, a franchise tax on the capital stock of other corporations, a collateral inheritance tax and leases of riparian lands.
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  • The state does levy a franchise tax on corporations which incorporate in it, which amount to about 20% o the states revenue, and considered to be just a cost of doing business by most corporations.
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  • Initial charges for incorporating can be as low as $89.00, with most corporations charged $189, with annual franchise tax fees running about $60.00.
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  • A franchise tax is a yearly tax levied by state governments against private businesses and/or other organizations like banks.
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  • Tax laws change frequently, so be certain to file your franchise tax forms correctly.
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