Search results
Results from the Tech24 Deals Content Network
The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas. For general information, see the Franchise Tax Overview.
Use our online search to find a taxpayer's Franchise Tax Account Status. The "Franchise Tax Account Status," previously referred to as "Good Standing," provides the status of an entity's right to transact business in Texas.
What is franchise tax? The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas. What does an entity file if it is ending its existence or no longer has nexus? An entity ending its existence that is not part of a combined group. files an annual report, if required;
Forms for reporting Texas franchise tax to the Texas Comptroller of Public Accounts.
Requirements for Reporting and Paying Franchise Tax Electronically. Select the amount of taxes you paid in the preceding state fiscal year (Sept. 1 – Aug. 31) to find the reporting and payment methods to use. No Tax Due.
Contact Us. The Comptroller's Office is open to the public Monday through Friday, 8 a.m. to 5 p.m. CST (except for state and national holidays.) We know your time is valuable! We strive to answer phone calls and emails in the most efficient manner possible.
General Information. This booklet summarizes the Texas franchise tax law and rules and includes information that is most useful to the greatest number of taxpayers preparing Texas franchise tax reports. It is not possible to include all requirements of the Texas Tax Code Chapter 171.
2023 Texas Franchise Tax Report Information and Instructions (PDF) No Tax Due. The law requires all No Tax Due Reports originally due after Jan. 1, 2016 to be filed electronically.
2024 Texas Franchise Tax Report Information and Instructions (PDF) The No Tax Due Report is not available for 2024 reports. Effective for reports due on or after Jan.1, 2024, an entity that has annualized total revenue less than or equal to the no tax due threshold of $2.47 million is not required to file a No Tax Due Report.
Texas Tax Code Section 171.001 imposes franchise tax on each taxable entity that is formed in or doing business in Texas. Taxable entities may need to file franchise tax and information reports each year.