state tax that is imposed on corporations that are chartered within the state.
Franchise taxes are usually based on a percentage of profits, capital stock, or
the amount of property held within the state.
"franchise tax." YourDictionary, n.d. Web. 13 October 2018. <http://www.yourdictionary.com/franchise-tax>.
franchise tax. (n.d.). Retrieved October 13th, 2018, from http://www.yourdictionary.com/franchise-tax
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