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franchise tax

/ˌfrænˈtʃaɪz tæks/
IPA guide

Other forms: franchise taxes

Definitions of franchise tax
  1. noun
    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
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    type of:
    revenue enhancement, tax, taxation
    charge against a citizen's person or property or activity for the support of government
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