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franchise tax

A franchise tax is a state tax on businesses and other entities (corporations, limited liability companies, trusts, etc.) that are formed in or doing business in a state.

A franchise tax is said to be a tax on the privilege of doing business in a state and is sometimes referred to as a privilege tax. The amount of tax due is often calculated as a percentage of a business’s income, for example.

In Kansas, the franchise tax was repealed effective for tax years after December 31, 2010. This means that businesses operating within the state of Kansas are no longer required to pay a franchise tax. Prior to its repeal, the franchise tax in Kansas was imposed on corporations for the privilege of doing business in the state. It was calculated based on the equity of the corporation or a minimum fee, whichever was greater. Since the repeal, businesses in Kansas are subject to other forms of taxation, such as income tax and sales tax, but not a franchise or privilege tax for simply doing business in the state.

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Taxes

franchise tax

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Kansas State Code

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Taxes

franchise tax

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