Texas Franchise Tax Filings 2024

Texas Franchise Tax Filings 2024. A recent texas comptroller policy memo interprets the statute of limitations for the comptroller to assess franchise tax and for a taxable entity to file a franchise tax refund claim. Texas doesn’t have a state income tax, but it does have an annual franchise tax.

Businesses with revenues under $2.47 million pay no tax. It’s been the same return for years.