Corporate Franchise Taxes State Law Survey

Summary

This survey provides a summary of laws in all 50 states plus the District of Columbia governing corporate franchise taxes. Virtually every state has some type of franchise tax or fee that is imposed on domestic and/or foreign corporations as part of the cost of doing business in the state. The measure of franchise taxes varies from state to state. Some franchise taxes are measured by nominal or actual value using authorized capital stock or issued capital stock as the tax base, while others are measured by earnings, with net income as the tax base. Still other taxes are imposed at a flat rate on all corporations.