Franchise tax report for Texas corporations: due date, fee, and late penalty

Franchise tax report

Due

May 15 each year (next business day if it falls on a weekend). Every corporation files the Public Information Report; corporations above the no-tax-due revenue threshold also file a franchise tax report in the same session.

First one

First report due May 15 of the year after formation.

Fee

No filing fee. Franchise tax is $0 at or below the no-tax-due threshold ($2,650,000 annualized revenue for 2026 reports); above it, the tax is a percentage of taxable margin.

Frequency

Annual

If it is late

A late information report alone carries no penalty; a late franchise tax report draws a $50 penalty plus percentage penalties and interest on tax due. Continued non-filing leads to forfeiture of the right to transact business.

File on Texas Webfile