Changes to Franchise No Tax Due Reporting for 2024
In July 2023, the legislature passed Senate Bill 3, which increased the no tax due threshold and eliminated reporting requirements for certain entities. In response, the Comptroller’s [...]
Texas Franchise Tax Status
What is my Franchise Tax Status? The Texas State Comptroller imposes a franchise tax on each taxable entity formed in Texas or doing business in Texas. (NEXUS) This is considered a privilege tax [...]
