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

Franchise tax report

Due

May 15 every year, or the next business day when it falls on a weekend. The Public Information Report is filed alongside it.

First one

First due May 15 of the year after formation.

Fee

No filing fee, and $0 tax due if annualized revenue is $2.65 million or less; above that the tax depends on your taxable margin.

Frequency

Annual

If it is late

No late penalty below the revenue threshold. An unfiled report forfeits your right to do business in Texas, and the certificate of formation can be forfeited if not revived within 120 days.

File on Texas Webfile