A state or local tax on a corporation's income might be called a franchise tax or a business privilege tax.
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Q1: Roughly five percent of all taxes paid
Q2: All of the U.S. states use an
Q2: Typical indicators of nexus include the presence
Q4: Under P.L. 86-272, the taxpayer is exempt
Q4: Most of the U.S.states have adopted an
Q7: A state can levy an income tax
Q8: A typical state taxable income addition modification
Q10: Typically, corporate income taxes constitute about 20
Q11: All of the U.S.states have adopted a
Q14: Politicians frequently use tax credits and exemptions
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