taxes

Texas Franchise Tax Report Forms for 2024

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2024 Texas Franchise Tax Report Information and Instructions (PDF)


The No Tax Due Report is not available for 2024 reports.

Effective for reports due on or after Jan.1, 2024, an entity that has annualized total revenue less than or equal to the no tax due threshold of $2.47 million is not required to file a No Tax Due Report. However, the entity is still required to file a Public Information Report (PIR) or an Ownership Information Report (OIR).

Also, a pre-qualified new veteran-owned business as defined in Texas Tax Code Section 171.0005 is no longer required to file a No Tax Due Report for the first five years the business qualifies as a new veteran-owned business. A new veteran-owned business is not required to file a PIR or OIR for that five-year period.

A passive entity as defined in Texas Tax Code Section 171.0003; an entity that is a Real Estate Investment Trust (REIT) meeting the qualifications specified in Texas Tax Code Section 171.0002(c)(4); and an entity that has zero Texas gross receipts must file either the EZ Computation Report or the Long Form. A REIT and an entity with zero Texas gross receipts must file a PIR or OIR. A passive entity is not required to file a PIR or OIR.


Public Information Report or Ownership Information Report Only

An entity with annualized total revenue less than or equal to the no tax due threshold is not required to file a No Tax Due Report. However, the entity is still required to file a Public Information Report or an Ownership Information Report.

EZ Computation

An entity, including a combined group or an entity with zero Texas gross receipts, can file using the EZ Computation if it has annualized total revenue of $20 million or less. An entity with zero Texas gross receipts need only calculate total revenue and enter zero for Texas gross receipts. A passive entity as defined in Texas Tax Code Section 171.0003 and a Real Estate Investment Trust meeting the qualifications specified in Texas Tax Code Section 171.0002(c)(4) can file this report by blackening the circle that identifies them as such entities and completing only the taxpayer information part of the form. All entities except for passive entities are required to file a Public Information Report or an Ownership Information Report.

Long Form

Any entity that does not elect to file using the EZ Computation and has annualized total revenue that is above the no tax due threshold must file the Long Form report. An entity with zero Texas gross receipts need only calculate total revenue and enter zero for Texas gross receipts. A passive entity as defined in Texas Tax Code Section 171.0003 and a Real Estate Investment Trust meeting the qualifications specified in Texas Tax Code Section 171.0002(c)(4) can also file this report by blackening the circle that identifies them as such entities and completing only the taxpayer information part of the form. All entities except for passive entities must file a Public Information Report or an Ownership Information Report.

Extension

An extension of time to file a franchise tax report will be tentatively granted upon receipt of an appropriate timely online extension payment or request on a form provided by the Comptroller. Timely means the request is received or postmarked on or before the due date of the original report. If an online extension payment is made, the taxable entity should NOT submit a paper Extension Request (Form 05-164).

Payment Form

Any taxable entity that owes any amount of franchise tax where the tax was not remitted electronically is required to submit the payment form with a check or money order made payable to the Texas Comptroller. Please put the reporting entity’s Texas taxpayer number and the report year on the check.

Questionnaires for Franchise Tax Accountability
Professional Employer Organization Report (to submit to client companies)
Historic Structure Credit
Status Change or Closing or Reinstating a Business


Franchise tax report forms should be mailed to the following address:

Texas Comptroller of Public Accounts
P.O. Box 149348
Austin, TX 78714-9348