The franchise tax, formerly the state's main business tax, was replaced in 2006 with
A) a broader-based business tax that applies to corporations and sole proprietorships.
B) a broader-based business tax that applies to all businesses.
C) a value added (VAT) tax that taxes the manufacture of all goods and services produced in Texas.
D) a narrower-based business tax that applies only to manufacturing industries.
E) a narrower-based business tax that applies only to those corporations who have their headquarters outside of Texas.
Answer: A
You might also like to view...
Which of the following First Ladiesbecame senator from New York, secretary of state, and a serious candidate to become president on her own?
a. Dolly Madison b. Eleanor Roosevelt c. Hillary Rodham Clinton d. Laura Bush e. Michelle Obama
Many states statutorily require adult children to provide financial support for their parents if the parents are unable to support themselves
Indicate whether the statement is true or false