State franchise definition
Examples of State franchise in a sentence
Based on the foregoing and on the opinions of Chapman and Cutler ▇▇▇, ▇▇ted to▇▇▇, ▇pon which we specifically rely, we are of the opinion that under existing laws, rulings, and court decisions interpreting the laws of the State and City of New York: the Trust will not constitute an association taxable as a corporation under New York law, and accordingly will not be subject to the New York State franchise tax or the New York City general corporation tax.
Based on the foregoing and on the opinions of Chapman and Cutler ▇▇▇, ▇▇ted to▇▇▇, ▇pon which we specifically rely, we are of the opinion that under existing laws, rulings, and court decisions interpreting the laws of the State and City of New York, the Trust will not constitute an association taxable as a corporation under New York law, and accordingly will not be subject to the New York State franchise tax or the New York City general corporation tax.
Based on the foregoing and on the opinions of Chapman and Cutler ▇▇▇, ▇ated t▇▇▇▇, upon which we specifically rely, we are of the opinion that under existing laws, rulings, and court decisions interpreting the laws of the State and City of New York: the Trust will not constitute an association taxable as a corporation under New York law, and accordingly will not be subject to the New York State franchise tax or the New York City general corporation tax.
State and local taxes imposed on the Company consist of New York State franchise tax, New York City Financial Corporation tax and Delaware franchise tax.
Based on the foregoing and on the opinions of ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ LLP, dated today, upon which we specifically rely, we are of the opinion that under existing laws, rulings, and court decisions interpreting the laws of the State and City of New York: the Trust will not constitute an association taxable as a corporation under New York law, and accordingly will not be subject to the New York State franchise tax or the New York City general corporation tax.
Simulated Investment Number Two assumes the income tax rate to be the Company's highest marginal tax rate for the current calendar year (which is 42.046%, using a Federal rate of 35% and a State franchise tax rate of 10.84%), and assumes that interest (net of tax) shall be compounded on an annual basis at the end of each Plan Year.
State franchise taxes are incurred on NCC for period up to 1/1/08 as Sellers responsibility to be adjusted as part of net adjustments.
Based on the foregoing and on the opinions of Chapman and Cutler ▇▇▇, ▇ated t▇▇▇▇, upon which we specifically rely, we are of the opinion that under existing laws, rulings, and court decisions interpreting the laws of the State and City of New York, the Trust will not constitute an association taxable as a corporation under New York law, and accordingly will not be subject to the New York State franchise tax or the New York City general corporation tax.
Since the late 1990s, car dealers have used their considerable political clout to pass or better enforce State franchise laws that, in many cases, make it a criminal offense for an auto manufacturer to sell a new car to anyone but a State-licensed car dealer.
In the case of a Loss resulting from Lessor’s inability to offset, for federal or local income or State franchise tax purposes, income taxable at a rate equal to Lessor’s highest marginal corporate tax rate, basic Rent for the related Schedule shall be adjusted to preserve the Net Economic Return.