franchise taxes

franchise taxes
Taxes in five classes:–(1) organization taxes, or fees exacted of domestic corporations for the grant of corporate powers; (2) excises levied periodically, usually annually, upon the fran- chise of domestic corporations; (3) excises charged foreign corporations for the privilege of entering and doing business within the state; (4) excises upon special privileges enjoyed by particular corporations; (5) ad valorem taxes on franchises as property. 51 Am J1st Tax § 809.

Ballentine's law dictionary. . 1998.

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