Filing Frequency: Annual

State Fees & Due Dates:

The tax rate for your Texas Franchise Tax Report will be determined by your business’s total revenue and/or the type of business you own.

• All Businesses - Zero Revenue - No Tax Due.

• All Businesses - Revenue between $1 – $2,470,000 - No Tax Due.

• All Businesses - Revenue greater than $2,470,000 but less than $20 million - 0.331% of your total revenue.

• Retail or Wholesale - Revenue greater than $20 million - 0.375% of your total revenue.

• Businesses other than retail or wholesale - Revenue greater than $20 million - 0.75% of your total revenue.

Due Date: May 15th for all businesses. If May 15th falls on a weekend, the due date will be the following business day.

Late Fees:

• Texas Franchise Tax Reports filed after the May 15th due date are assessed a $50 late fee.

• Late tax payments are charged for 5% of the total tax due.

• Filings delinquent more than 30 days require an additional charge for 10% of the total penalty already assessed.

• Online filings will be charged an additional $1 service fee.