Which type of tax did the state of Texas mandate on the revenue of many businesses in 2006?

Name: Which type of tax did the state of Texas mandate on the revenue of many businesses in 2006?
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

The state of Texas mandated a franchise tax on the revenue of many businesses in 2006. This tax is also known as a "privilege" tax and is based on the taxable entity's margin. It applies to all corporations, partnerships, and other entities that do business in the state.

Which Type of Tax Did the State of Texas Mandate