Texas 2024 Franchise Tax. According to the texas comptroller, the franchise tax is “texas’ primary tax on business.” for the most part, if you’re required to collect and remit texas sales tax, you’d also. Learn about the increased no tax due threshold and new reporting requirements.
As the result of recent legislation (senate bill 3), the texas comptroller’s office has announced changes to the franchise tax filing requirements. The texas franchise tax system has been significantly reformed by senate bill 3, 83rd regular legislative session, via dramatic changes to the state’s franchise tax rules.