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What is the revised franchise tax base?

April 26, 2017base franchise revised tax

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What is the revised franchise tax base?

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Unless a taxable entity qualifies and elects to file using the E-Z Computation, the revised tax base is the taxable entity’s margin. Margin equals the lowest of three calculations: • total revenue minus cost of goods sold; • total revenue minus compensation; or • total revenue times 70 percent.