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RESET FORM TEXAS FRANCHISE TAX NO TAX DUE INFORMATION REPORT 05-163 9-09/3 PRINT FORM FILING REQUIREMENTS Tcode 13235 Initial Taxpayer number Report year Due date Privilege period covered by this report Secretary of State file number or Comptroller file number Mailing address City State Country ZIP Code Blacken circle if the address has changed Plus 4 SIC code NAICS code instructions.

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Related content

Franchise Tax - Texas Comptroller - Texas.gov
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In Texas, businesses with $1.18 million to $10 million in annual receipts pay a franchise tax of 0.375%. Businesses with receipts less than $1.18 million pay no franchise tax.

certain grantor trusts, estates of natural persons and escrows; real estate mortgage investment conduits and certain qualified real estate investment trusts; a nonprofit self-insurance trust created under Insurance Code Chapter 2212; a trust qualified under Internal Revenue Code Section 401(a);

On page 1 of the franchise tax report, the accounting year begin date is 01-01-2020, and the accounting period end date is 12-31-2020.

The Texas franchise tax rate for most businesses is . 75% of the taxable margin. However, for qualifying wholesalers and retailers (meaning, generally, businesses primarily engaged in wholesale or retail trade), the rate is 0.375%.

For Texas franchise tax purposes, although Corporation 2's capital loss reduces its capital gain net income to zero, the gain and loss must be considered when determining Texas gross receipts. Corporation 2's capital gain from the sale of Asset C must be included in Texas gross receipts.

Key Takeaways. In Texas, businesses with $1.18 million to $10 million in annual receipts pay a franchise tax of 0.575%. Businesses with receipts less than $1.18 million pay no franchise tax.

The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas. ... Form 05-359, Request for Certificate of Account Status to Terminate a Taxable Entity's Existence in Texas, if needed to terminate the entity with the Secretary of State.

Key Takeaways. In Texas, businesses with $1.18 million to $10 million in annual receipts pay a franchise tax of 0.375%. Businesses with receipts less than $1.18 million pay no franchise tax. The maximum franchise tax in Texas is 0.75%.

All LLCs must file a Texas Franchise tax report, even single-member LLCs.

The Texas Franchise Tax is levied annually by the Texas Comptroller on all taxable entities doing business in the state. ... Each business in Texas must file an Annual Franchise Tax Report by May 15 each year.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232