Franchise Tax
Agency
Not verified yet
Entity types
LLC; Foreign LLC; Corporation; Foreign corporation
Verified 2026-10-25 — source and quotation
Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax. These entities include: corporations; limited liability companies (LLCs), including single member LLCs (SMLLCs) and series LLCs;Official source
Deadline rule
May 15 annually; next business day if May 15 is a Saturday, Sunday or legal holiday. Beginning with 2024 reports, entities at or below the no-tax-due threshold still file an annual information report but need not file a franchise tax report. Applies to: Taxable entities formed in Texas or doing business in Texas; statutory exemptions apply.
Verified 2026-10-25 — source and quotation
effective for reports due in 2024, taxable entities with total revenue at or below the no tax due threshold are no longer required to file a Franchise Tax Report but must continue to file an information report each year. Franchise tax reports are due on May 15 each year. If May 15 falls on a Saturday, Sunday or legal holiday, the next business day becomes the due date.Official source
Fee
Not verified yet
Late penalty
$50 per late report; tax paid 1–30 days late incurs 5%, more than 30 days late incurs 10%; interest begins 61 days after the due date.
Verified 2026-10-25 — source and quotation
A $50 penalty is assessed on each report filed after the due date. If tax is paid 1-30 days after the due date, a 5 percent penalty is assessed. If tax is paid over 30 days after the due date, a 10 percent penalty is assessed. Past due taxes are charged interest beginning 61 days after the due date.Official source
Grace
Not verified yet
Consequences
Not verified yet
Reinstatement fee
Not verified yet
Official filing portal
Not verified yet
Foreign entity notes
Not verified yet