FRANCHISE TAX

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does franchise tax mean? 

• FRANCHISE TAX (noun)
  The noun FRANCHISE TAX has 1 sense:

1. 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

  Familiarity information: FRANCHISE TAX used as a noun is very rare.

 Dictionary entry details 

• FRANCHISE TAX (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)