MLchartDataset catalogue

Franchise tax

Term · Law · MLC-T-LAW-002217

A tax levied by some states on businesses for the privilege of doing business or operating within that state, regardless of whether the business is profitable. It is often based on a company's net worth, capital stock, or a combination of factors, rather than income. This tax is distinct from income tax and sales tax.

Table 1. Record
IdentifierMLC-T-LAW-002217
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002217",
  "term": "Franchise tax",
  "field": "Law",
  "definition": "A tax levied by some states on businesses for the privilege of doing business or operating within that state, regardless of whether the business is profitable. It is often based on a company's net worth, capital stock, or a combination of factors, rather than income. This tax is distinct from income tax and sales tax.",
  "url": "https://mlchart.com/terminology/law/franchise-tax/"
}

Record 2,125 of 5,441 in Law terminology (MLC-0107). Request the full dataset.