While corporations in texas benefit from "pro-business" policies, including no income tax, taxes on corporations are still collected and are known as the tax.

franchise

Explanation:

A franchise tax refers to a government fee  levied on a few companies like businesses and associations with a connection in the country by some US states. A franchise levy is not income-based. Somewhat, the classic estimate of a franchise tax is predicated on the individual's net value or capital.  

According to the tax regulations in each jurisdiction, the level of a franchise tax in a particular state can vary widely. Many jurisdictions will determine the sum of franchise tax due on a basis of the assets of the company or net worth, whereas others will refer to the performance of the company's physical capital.

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