Tx Franchise Tax Instructions 2024. — this year the state of texas changed its filing requirement so that we no longer have to file the no tax due reports. — as the result of recent legislation (senate bill 3), the texas comptroller’s office has announced changes to the franchise tax filing requirements.
— in july of 2023, the texas state legislature passed a bill which increased the no tax due threshold and eliminated reporting requirements for certain entities. — if you are doing business in texas, it is important to know how to calculate, prepare, and pay your franchise tax correctly.