Texas Compliance Guide
Filing requirements, deadlines, and fees for Texas business entities.
Filing Obligations
Franchise Tax Report
AnnualAll Texas taxable entities must file an annual franchise tax report. Entities with revenue below $2.47 million file a No Tax Due report. The tax rate is 0.375% for retail/wholesale or 0.75% for other entities.
May 15
No filing fee; tax varies (0.375% or 0.75% of taxable margin)
5% penalty if 1–30 days late, 10% if 31+ days late, plus interest
Online via Texas Comptroller
Public Information Report
AnnualFiled alongside the franchise tax report, this updates the state on officers/directors/managers and registered agent.
May 15 (filed with franchise tax report)
No fee (filed with franchise tax report)
Included with franchise tax penalties
Online via Texas Comptroller
Key Dates
Frequently Asked Questions
Does Texas have a franchise tax?
Yes. All taxable entities must file an annual franchise tax report by May 15. Entities with total revenue below $2.47 million owe no tax but must still file a No Tax Due report.
What is the Texas franchise tax rate?
0.375% for qualifying wholesale and retail businesses, 0.75% for all other entities, applied to taxable margin.
Does Texas require an annual report?
Texas does not have a separate annual report. The Public Information Report is filed alongside the franchise tax return each year.
Manage Texas compliance automatically
CompCal tracks every deadline and sends smart alerts so you never miss a filing.
Get Started FreeLast updated: 2026-02-27. Information is provided for general guidance and may not reflect the most recent changes. Always verify with the official state registrar.