Texas Franchise Tax Instructions 2024 Schedule
Texas Franchise Tax Instructions 2024 Schedule. If a combined group’s annualized total revenue is at or below the no tax due revenue threshold, the combined group is no longer required to file a franchise tax. Last july, the texas state legislature passed significant changes that apply to franchise tax reports due on or after january 1, 2024 (“report year 2024”).
We need a solution to this as soon as possible. The texas franchise tax is levied annually by the texas comptroller on taxable entities doing business in the state that make over $2.47.