The virus is spread from person to person through: 1  Direct contact, such as shaking hands. 2  Small droplets that form when a person sneezes or coughs. 3  Contact with objects such as handkerchiefs that have been in contact with fluids from an infected person's nose or throat.
Final Franchise Tax Reports. A Texas entity must file and pay its final franchise tax report in the year it plans to terminate, merge or withdraw with the Texas Secretary of Stateâs office. For out-of-state entities, the final report must be filed and paid within 60 days of that entity ceasing to have nexus in Texas.
Normally, corporate income tax is only owed by companies that have property or employees in a state. KFC's franchisees do, and pay taxes, but KFC Corp. in distant Louisville (or rather Delaware, where royalty payments from franchisees are not taxed) do not.Nevertheless, they've been ordered to pay $250,000 in corporate income taxes on the profits they've earned:'ve heard it claimed that because this out-of-state company is benefitting from its franchisees' market in Iowa, it should pay a share of its profits to the state to pay for essential services like roads and courts and such.