FRANCHISE TAX
\fɹˈant͡ʃa͡ɪz tˈaks], \fɹˈantʃaɪz tˈaks], \f_ɹ_ˈa_n_tʃ_aɪ_z t_ˈa_k_s]\
Definitions of FRANCHISE TAX
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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
By Princeton University