The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas.

If you have no taxable sales to report, you can file by phone. Learn more about TeleFile. ... Texas Franchise reports may be submitted electronically with approved tax preparation provider software.

October 17, 2025 - The Texas Franchise Tax is levied annually by the Texas Comptroller on taxable entities doing business in the state that make over $2.47 million in annual revenue. The tax is based upon the entity’s margin and can be calculated in a number ...

Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax.

March 24, 2025 - The two taxes are structurally different. Furthermore, Texas franchise tax is a statewide tax and there are no local franchise taxes. There’s a statewide sales tax too — the base state sales tax rate in Texas is 6.25% — but most jurisdictions ...

Members include taxpayers from a broad spectrum of Texas businesses joined together to promote and support fair and rational state and local tax policy. Association staff members are experts in tax, fiscal, and education policy.

September 9, 2025 - Texas businesses making over $2.47 million per year need to pay Texas franchise tax. If your business is under this tax threshold, you’ll still most likely need to file a Public Information Report with the Texas Comptroller.

September 8, 2025 - All Texas businesses must file an annual franchise tax with the Texas Comptroller of Public Accounts. This includes an information report (sometimes called an annual report.) The report is a tax return, so it can get complicated—you’ll likely need help from your accountant.

June 23, 2025 - Do you need to be paying sales tax? Check out our nexus calculator. ... The Texas Comptroller defines the Texas franchise tax as “a privilege tax” that is required of “each taxable entity formed or organized in Texas or doing business in Texas.” Put a little more simply, it is a fee for the right to conduct a substantial amount of business in Texas.

Search the Texas Secretary of State Website.

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We'll also cover how Harbor Compliance can simplify the filing process and help ensure compliance with Texas state regulations. A franchise tax is a state tax imposed on taxable entities in Texas for doing business in the state. It's levied annually on businesses that make over $2.47 million ...

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3 weeks ago - As an equitable remedy for any gain reported on the federal tax return in excess of what historically has been determined for franchise tax purposes, taxable entities may calculate a one-time net depreciation adjustment for each qualifying asset on its 2026 franchise tax report. “Qualifying assets” means those placed in service prior to the accounting period on which the 2026 report is based, provided that the assets have not been disposed of prior to this date and are associated with and necessary for the production of goods under Tex. Tax Code Ann. § 171.1012(c)(6). Taxable entities apportion their margins to Texas based on a single gross receipts factor.

Currently, taxpayers can still electronically file 2026 Public Information Reports, Ownership Information Reports, Common Owner Reports, extension requests and payments. Printable versions of all 2026 franchise tax forms are available on our franchise tax page.

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3 weeks ago - Learn who must file franchise taxes in Texas, as well as when they are due and what you can expect when filing.

Texas has no corporate income tax. However, Texas does have a franchise tax, which took a new form in 2008.

August 29, 2024 - Texas is one of only six states that do not have a corporate income tax. Texas businesses are instead required to pay a franchise tax – companies pay what is basically an annual fee to Texas for the privilege of doing business in the state.