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Link to original content: http://www.window.state.tx.us/taxinfo/franchise/
If you recently received this notice, you failed to meet 2024 franchise tax filing and/or payment requirements. You may have filed an extension to Aug. 15, 2024, but failed to request a second extension or file your report. 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.
If you receive this notice, you failed to meet franchise tax filing and/or payment requirements. As a direct result of the forfeiture of the right to transact business, the entity's officers, directors, partners, members or owners will be liable for certain debts of the entity (including taxes, penalties and interest) incurred after the due date of the report and/or payment. Also, the entity will generally be denied the right to sue or defend in a court of this state in accordance with the law. Learn how to resolve this issue and ensure your franchise tax account is current. If your entity's annualized total revenue for the 2024 report year is at or below the no tax due threshold of $2,470,000, you are not required to file a return, but you still must file either a Public Information Report or an Ownership Information Report. See Changes to No Tax Due Reporting for 2024.
The no tax due threshold is increased to $2.47 million and certain filing requirements are eliminated. Read more.
Shorter wait times occur from 8-10 a.m. and 4-5 p.m. CST. Please have your 11-digit taxpayer number ready when you call. For more information, see our Call Tips and Peak Schedule.
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.
The annual franchise tax report is due May 15. If May 15 falls on a weekend or holiday, the due date will be the next business day.
Franchise tax rates, thresholds and deduction limits vary by report year. Use the rate that corresponds to the year for which you are filing.
| Item | Amount |
|---|---|
| No Tax Due Threshold | $2,470,000 |
| Tax Rate (retail or wholesale) | 0.375% |
| Tax Rate (other than retail or wholesale) | 0.75% |
| Compensation Deduction Limit | $450,000 |
| EZ Computation Total Revenue Threshold | $20 million |
| EZ Computation Rate | 0.331% |
| Item | Amount |
|---|---|
| No Tax Due Threshold | $1,230,000 |
| Tax Rate (retail or wholesale) | 0.375% |
| Tax Rate (other than retail or wholesale) | 0.75% |
| Compensation Deduction Limit | $400,000 |
| EZ Computation Total Revenue Threshold | $20 million |
| EZ Computation Rate | 0.331% |
| Item | Amount |
|---|---|
| No Tax Due Threshold | $1,180,000 |
| Tax Rate (retail or wholesale) | 0.375% |
| Tax Rate (other than retail or wholesale) | 0.75% |
| Compensation Deduction Limit | $390,000 |
| EZ Computation Total Revenue Threshold | $20 million |
| EZ Computation Rate | 0.331% |
| Item | Amount |
|---|---|
| No Tax Due Threshold | $1,130,000 |
| Tax Rate (retail or wholesale) | 0.375% |
| Tax Rate (other than retail or wholesale) | 0.75% |
| Compensation Deduction Limit | $370,000 |
| EZ Computation Total Revenue Threshold | $20 million |
| EZ Computation Rate | 0.331% |
| Item | Amount |
|---|---|
| No Tax Due Threshold | $1,110,000 |
| Tax Rate (retail or wholesale) | 0.375% |
| Tax Rate (other than retail or wholesale) | 0.75% |
| Compensation Deduction Limit | $360,000 |
| EZ Computation Total Revenue Threshold | $20 million |
| EZ Computation Rate | 0.331% |
| Item | Amount |
|---|---|
| No Tax Due Threshold | $1,080,000 |
| Tax Rate (retail or wholesale) | 0.475% |
| Tax Rate (other than retail or wholesale) | 0.95% |
| Compensation Deduction Limit | $350,000 |
| EZ Computation Total Revenue Threshold | $10 million |
| EZ Computation Rate | 0.575% |
| Item | Amount |
|---|---|
| No Tax Due Threshold | $1,080,000 |
| Tax Rate (retail or wholesale) | 0.4875% |
| Tax Rate (other than retail or wholesale) | 0.975% |
| Compensation Deduction Limit | $350,000 |
| EZ Computation Total Revenue Threshold | $10 million |
| EZ Computation Rate | 0.575% |
| Item | Amount |
|---|---|
| No Tax Due Threshold | $1,030,000 |
| Tax Rate (retail or wholesale) | 0.5% |
| Tax Rate (other than retail or wholesale) | 1.0% |
| Compensation Deduction Limit | $330,000 |
| EZ Computation Total Revenue Threshold | $10 million |
| EZ Computation Rate | 0.575% |
| Item | Amount |
|---|---|
| No Tax Due Threshold | $1,000,000 |
| Tax Rate (retail or wholesale) | 0.5% |
| Tax Rate (other than retail or wholesale) | 1.0% |
| Compensation Deduction Limit | $320,000 |
| EZ Computation Total Revenue Threshold | $10 million |
| EZ Computation Rate | 0.575% |
| Item | Amount |
|---|---|
| No Tax Due Threshold | $300,000 |
| Tax Rate (retail or wholesale) | 0.5% |
| Tax Rate (other than retail or wholesale) | 1.0% |
| Compensation Deduction Limit | $300,000 |
| EZ Computation Total Revenue Threshold | $10 million |
| EZ Computation Rate | 0.575% |
Before getting a Certificate of Account Status to terminate, convert, merge or withdraw registration with the Texas Secretary of State:
