The Franchise Tax Exception to the Federal Exemption Statute

Blasi, Ronald

The Franchise Tax Exception to the Federal Exemption Statute

Banking Law Journal, Vol. 102, p. 462, No. 5, 1985

Georgia State University College of Law, Legal Studies Research Paper No. 1487766

22 Pages Posted: 13 Oct 2009

See all articles by Ronald Blasi

Ronald Blasi

Georgia State University College of Law

Date Written: 1985

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.

Keywords: tax, franchise tax, franchise tax exception

JEL Classification: K22, K34

Suggested Citation: 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: https://ssrn.com/abstract=1487766