State Franchise Tax

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August 31, 2024 3 min read Definitions
State Franchise Tax: Definition and Overview
Economics Finance Government Regulations State Franchise Tax Business Entities LLCs Taxation State Levy Business Privileges
State Franchise Tax is a levy imposed by a state on LLCs and other business entities for the privilege of operating within that state. It is not based on income but on the entity's net worth or capital.
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