Texas: no corporate income tax, franchise tax unconfirmed and an annual report required.
Each fact below cites the agency page we read and the day we read it. Where a rule is still being confirmed, the page says so instead of showing a zero.
Verified facts
Corporate income tax
No
The Comptroller's franchise tax page presents the franchise (margin) tax as the entity-level business tax and lists no net-income tax; the tax base is taxable margin, not net income.
Franchise or privilege
Not verified
0.375% retail/wholesale; 0.75% other; no-tax-due threshold $2,650,000; compensation deduction limit $480,000; EZ computation rate 0.331%
Not verifiedEntity annual report
Yes
annual · Annual franchise tax report and the Public Information Report (Form 05-102) or Ownership Information Report (Form 05-167) are due May 15; next business day if May 15 is a weekend or holiday
Return due date
Published rule
May 15 annually (next business day if a weekend or holiday)
Extension
Not verified
Not verifiedZero activity / minimum tax
Not verified
Not verified
Long-form guide in professional review
Dates, extensions and payments
Filing and payment dates stay separate wherever the source supports it.
- Filing
Return filing
May 15 annually (next business day if a weekend or holiday)
The franchise tax report is an annual report due May 15 for all report years regardless of the entity's fiscal year end; the report year is set by the accounting period, not by a fiscal-year deadline…
- Entity report
Entity report
annualAnnual franchise tax report and the Public Information Report (Form 05-102) or Ownership Information Report (Form 05-167) are due May 15; next business day if May 15 is a weekend or holiday
The annual filing is made with the Comptroller. Neither the Comptroller nor the Secretary of State page reviewed describes a separate annual report filed with the Secretary of State.
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We send you this page with its sources, and we tell you if a date changes.
Frequently asked questions
Does Texas impose a corporate income tax?
No. The official source we consulted does not impose a corporate income tax.
When is the Texas corporate return due?
May 15 annually (next business day if a weekend or holiday)
Does an extension also postpone the tax payment?
No. The extension moves the filing date, not the payment date; unpaid tax can accrue penalty and interest.
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