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Kelly Hancock
Acting Texas Comptroller of Public Accounts
Kelly Hancock
Acting Texas Comptroller of Public Accounts
Kelly Hancock
Acting Texas Comptroller of Public Accounts
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taxes

Requirements for Reporting and Paying Franchise Tax

For the 2024 report year and later, a taxable entity whose annualized total revenue is less than or equal to the No Tax Due Threshold is not required to file a No Tax Due Report. However, the entity is required to file Form 05-102, Public Information Report (PDF) or Form 05-167, Ownership Information Report (PDF).

Tax Form Options for Franchise Tax Reporting

If you are required to file a franchise tax report, there are now only two report form options available. You must choose the best report for your situation.

Option 1: EZ Computation Report
You may file an EZ Computation Report if your business is an entity or a combined group with annualized total revenue of $20 million or less. If you choose this option, your business cannot:
  • Take any margin deductions (including cost of goods sold or compensation);
  • Take any franchise tax credits; or
  • Carry over that report year's temporary credit for business loss carryforward to a future period.
Option 2: Long Form Report
You must file a Long Form Report if your business:
  • Is not eligible or chooses not to file the EZ Computation Report and has annualized total revenue exceeding the no tax due threshold;
  • Will take franchise tax credits;
  • Will take a margin deduction (including cost of goods sold or compensation); or
  • Will carry over that report year's temporary credit for business loss carryforward to a future period.

Reporting and Payment Methods

Select the amount of taxes you paid in the preceding state fiscal year (Sept. 1 – Aug. 31) to find the reporting and payment methods to use.

No Tax Due

For reports originally due on or after Jan. 1, 2024, the No Tax Due Report has been discontinued. If your entity qualifies to file a No Tax Due Report, see our No Tax Due Reporting for Report Year 2024 and Later webpage for filing requirements.

The law requires all No Tax Due Reports originally due on or after Jan. 1, 2016 and before Jan. 1, 2024 to be filed electronically.

Less than $10,000

Select one of these reporting methods:

Select one of these payment methods:

$10,000 - $499,999

Select one of these reporting methods:

Select one of these payment methods:

$500,000 or more

Select one of these reporting methods:

TEXNET is the only acceptable payment method.

Required Applications: