franchise tax

noun

Legal Definition of franchise tax

: a business tax imposed upon various corporations granted a franchise

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Dictionary Entries Near franchise tax

franchiser

franchise tax

franchisor

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Cite this Entry

“Franchise tax.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/franchise%20tax. Accessed 20 Oct. 2021.

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