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franchise tax

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

franchise tax n. a state tax on corporations or businesses. (See: tax, corporation)



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Wilcox, Staff Writer The California Franchise Tax Board began sending notices Monday to more than 35,000 companies that failed to file a 2007 tax return and still owe $13 billion.
Franchise Tax Board) has held that it is up to the FTB to prove that a challenged voucher was issued by the local agency in error.
Background Electronic Data Systems Corporation (EDS) filed California franchise tax returns for the years ended December 31, 1997, and December 31, 1998.
 
 
 
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