Texas Franchise Tax — Who Files, the No-Tax-Due Threshold, and Which Form
Source [1]
No tax due — the threshold
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“- Report years **2026–2027: $2,650,000** annualized total revenue. - Report years **2024–2025: $2,470,000**.”
- Report years **2026–2027: $2,650,000** annualized total revenue.
- Report years **2024–2025: $2,470,000**.
- Beginning with 2024 reports, the separate "No Tax Due Report" was discontinued: an entity at or below the threshold files **only** a Public Information Report (corporations/LLCs) or Ownership Information Report (other entities) — no tax report and no tax.
- Qualifying new veteran-owned businesses are exempt for their first five years.
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