franchise tax

1. 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

   Broadertax

Questions about franchise tax

What does franchise tax mean?

franchise tax means "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".

Is franchise tax a common word?

franchise tax is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.