Texas Franchise Tax Threshold 2024 Schedule. The no tax due threshold for franchise tax reports has increased to $2.47 million in annualized total revenue, more than. As a result, taxable entities with annualized total revenue less.
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 report, an. Business entities under the $2.47 million threshold don’t need to file a texas franchise tax report but still need to file a public information report or ownership information report by.