Texas franchise tax: deadline and no tax due check
Reports are due May 15. For 2026 and 2027 reports, an entity with annualized total revenue at or below $2,650,000 owes no franchise tax but must still file a Public Information Report or Ownership Information Report.
Am I under the threshold?
Enter total revenue for the accounting period and the number of months it covers.
months
Simplified estimate. Total revenue is defined by Tax Code Chapter 171, and combined groups, passive entities, and new veteran-owned businesses have special rules. This is not tax advice.
Filing steps
- Find your Webfile number (starts with XT) on the Comptroller's January reminder letter, or call 800-442-3453.
- Under the threshold: file Form 05-102 (PIR) or 05-167 (OIR).
- Over the threshold: file the EZ Computation (annualized revenue $20 million or less, rate 0.331%) or the Long Form (0.375% retail or wholesale, 0.75% others).
- Pay any tax by May 15 or request an extension.
Missed filings can lead to forfeiture. See the reinstatement guide.
Questions
When is the Texas franchise tax report due?
May 15 each year. If May 15 falls on a weekend or holiday, it is due the next business day.
What is the no tax due threshold?
$2,650,000 in annualized total revenue for 2026 and 2027 reports, per the Comptroller.
Do I file anything if I am under the threshold?
Yes. You do not file a No Tax Due Report (discontinued from 2024), but you must still file a Public Information Report (05-102) or Ownership Information Report (05-167).
Free Texas LLC starter checklist
Name check, filing, EIN, franchise tax, and registered agent steps in one page.
Sources: Comptroller Franchise Tax (rates and thresholds for 2026 and 2027); 2026 franchise tax forms; No tax due reporting for 2024 and later; Tax Policy News, April 2026. Checked November 1, 2026.
Sources: Texas Comptroller Active Franchise Taxpayers (data.texas.gov); Texas Comptroller franchise tax; Texas Secretary of State business filings; Form 205 (filing fee $300).