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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.
2024 Texas Franchise Tax Report Information and Instructions (PDF) Choose the symbol on the forms for information/instructions about specific fields. The No Tax Due Report is not available for 2024 reports.
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.
Forms for reporting Texas franchise tax to the Texas Comptroller of Public Accounts.
Taxpayers who paid $500,000 or more for any specific tax are required to transmit payments using TEXNET. If you paid $10,000 or more for the following: Sales/Use Tax; Franchise Tax; Bank Franchise Tax; Crude Oil Purchaser; Crude Oil Producer; Diesel Fuel; Direct Pay Sales Tax; Gasoline; Hotel Occupancy Tax; Insurance Premium; Mixed Beverage ...
Franchise Tax Rates, No Tax Due Thresholds and Compensation Deduction Limits . See Tax Rates, Threshold, and Deduction Limits for information on current and historic tax rate, threshold, and deduction limit information. Due Dates, Extensions and Filing Methods. Franchise tax reports are due on May 15 each year.
You must file your 2024 franchise tax report and 2024 Public Information Report or Ownership Information Report, and pay any tax and late filing penalties and interest due. Learn how to resolve this issue and ensure your franchise tax account is current.
View our call tips and peak schedule for factors that may impact response time. View Locations. Customers with hearing loss or speech impairment can connect with the agency by dialing 711 to connect with Relay Texas for assistance with your call. Websites and tools are available 24/7.
How to File and Pay Franchise Tax. You can file your reports and pay any tax due: online electronically through Webfile; by mailing Franchise Tax Forms; in person at a local Comptroller Field Office; or; using tax preparation software. Locating Your Webfile Number
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.