States may levy special taxes on corporations that are not imposed on other businesses.

Question

Quizplus · Accepted Answer

States have the power to levy special taxes on corporations which may not be imposed on other types of businesses. This is due to the fact that corporations have a separate legal entity status and are subject to different tax laws and regulations compared to other forms of businesses such as sole proprietorships or partnerships.

States May Levy Special Taxes on Corporations That Are Not