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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 ...
Although it is paid to a government, it is not a tax. Franchise fees are governed under Section 622 of the Cable Communications Act of 1984 . [ 2 ] Section 622, states that municipalities are entitled to a maximum of 5% of gross revenues derived from the operation of the cable system for the provision of cable services such as Public ...
Since 1993 the NCH group of funds has been investing across asset classes in Eastern Europe and the former Soviet Union on behalf of their institutional clients. [5] Rohr began investing in the region shortly after the collapse of the Soviet Union, and was among the earliest Western participants in the privatization opportunities offered by several of the region's markets.
Texas – no individual income tax but imposes a franchise tax on corporations. In May 2007, the legislature modified the franchise tax by enacting a modified gross margin tax on certain businesses (sole proprietorships and some partnerships were automatically exempt; corporations with receipts below a certain level were also exempt as were ...
When the North Carolina Constitution was rewritten after the American Civil War in 1868, the North Carolina State Tax Commission was authorized to tax trades, professions, franchises, and incomes. In 1903, the State Tax Commission recommended leaving property taxes to local authorities while income, license, franchise, and inheritance taxes ...
The FTB levies a franchise tax on businesses for doing business in California. [2] The FTB's name reflects the fact that it was originally created to collect this tax. The agency's name was left unchanged even after the state created a personal income tax and added it to the FTB's responsibilities.
NCH sales and profits continued to grow slowly into the early 1970s. By 1971, sales had reached $69 million, with net income of $6.6 million. About 20 percent of the company's revenue derived from foreign sales by this time. In 1970, NCH purchased P & M Manufacturing Company of Los Angeles and the Pennsylvania-based Daniel P. Creed Co., Inc ...
The Office of State Tax Commissioner is a North Dakota state government agency responsible for licensing: alcoholic beverage wholesalers, farm wineries, microbrew pubs, and out-of-state direct shippers, and; all suppliers selling or shipping alcoholic beverages to liquor and beer wholesalers in North Dakota; and for taxing: