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A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of capital held by the entity. The franchise tax effectively ...
In addition, corporations may change key aspects of their legal identity, capitalization, or structure in a tax free manner. Examples of reorganizations that may be tax free include mergers, liquidations of subsidiaries, share for share exchanges, exchanges of shares for assets, changes in form or place of organization, and recapitalizations. [60]
Texas is one of the seven states of the United States with no personal state income tax. In addition, Texas does not allow any lower level of government (counties, cities, etc.) to impose an income tax. This means that, for the residents of Texas, the maximum rate of income taxation is the top rate set by the federal government.
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A navigational box that can be placed at the bottom of articles. Template parameters [Edit template data] Parameter Description Type Status State state The initial visibility of the navbox Suggested values collapsed expanded autocollapse String suggested Template transclusions Transclusion maintenance Check completeness of transclusions The above documentation is transcluded from Template ...
Although this fact comes as a surprise to many Texans, who often assume Dairy Queen is a Texas brand. The first Texas franchise opened in 1947 in Austin by Rolly Klose, who is still dubbed ...
They joined the NFL in 2002 as an expansion franchise. [ a ] [ 2 ] Following the controversial relocation of the Houston Oilers to Nashville [ b ] [ 3 ] and the NFL's need for a 32nd team in the league, Houston was awarded the upcoming franchise, at a cost of $700 million paid by then-owner Bob McNair .
It’s just anticipation,” Zendaya added about the future of the franchise. “Whenever he is ready. He’s a perfectionist in many ways and doesn’t want to share things until they’re ready.