If you received this notice, your charter has been forfeited by the Secretary of State’s (SOS) office for failure to meet franchise tax filing or payment requirements. Learn how to resolve this issue and ensure your franchise tax filings and payments are current.
Once your franchise tax filings and payments are current, you’ll need a tax clearance letter from the Comptroller’s office to reinstate your charter at the SOS.
This is your reminder that franchise tax reports are due May 15, 2024. Franchise tax filing requirements have recently changed; please read the latest information about filing.
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: