The Franchise Tax Exception to the Federal Exemption Statute

Blasi, Ronald

Abstract

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The Franchise Tax Exception to the Federal Exemption Statute

Ronald Blasi

Georgia State University College of Law

1985

Banking Law Journal, Vol. 102, p. 462, No. 5, 1985
Georgia State University College of Law, Legal Studies Research Paper No. 1487766

Abstract:
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, K34

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Date posted: October 13, 2009

Suggested Citation

Blasi, Ronald, The Franchise Tax Exception to the Federal Exemption Statute (1985). Banking Law Journal, Vol. 102, p. 462, No. 5, 1985 ; Georgia State University College of Law, Legal Studies Research Paper No. 1487766. Available at SSRN: http://ssrn.com/abstract=1487766

Contact Information

Ronald Blasi (Contact Author)

Georgia State University College of Law ( email )

P.O. Box 4037
Atlanta, GA 30302-4037
United States