The Franchise Tax Exception to the Federal Exemption Statute
Georgia State University College of Law
Banking Law Journal, Vol. 102, p. 462, No. 5, 1985
Georgia State University College of Law, Legal Studies Research Paper No. 1487766
This article examines the origin and history of franchise taxes, the authority of state and local governments to impose such taxes, and the legislative and judicial responses to the problem. It concludes that the franchise tax exception to the exemption statute has created a problem of substance as well as draftsmanship. This article calls for an elimination of the franchise tax exception in order to promote clarity and administrative efficiency.
Number of Pages in PDF File: 22
Keywords: tax, franchise tax, franchise tax exception
JEL Classification: K22, K34Accepted Paper Series
Date posted: October 13, 2009
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