The franchise tax, formerly the state's main business tax, was replaced in 2006 with __________.
A. a personal income tax
B. a broader-based business tax that applied not only to corporations but also to professional partnerships such as law firms
C. a value added tax (VAT) that taxed the manufacture of all goods and services produced in Texas
D. a narrower-based business tax that only taxed corporations that did not have their corporate headquarters in Texas
Answer: B
Political Science
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