privilege fee
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 287 U.S. 295 - Detroit International Bridge Co. v. Corporation Tax Appeal Board · 1932Most cited · 51 citing opinions
The privilege fee is an excise tax, not upon the right to be a corporation, but upon the activities of the corporation in the exercise of its corporate franchise, or, as it is sometimes expressed, upon the franchise 'to do,' not upon the franchise 'to be