Texas Franchise Tax Instructions 2024 Tax Instructions. Refer to one of the following articles for instructions on generating the texas franchise tax forms in the applicable program: In july 2023, the texas legislature passed senate bill 3, which increased the no tax due threshold and eliminated reporting requirements for certain entities.
The texas franchise tax calculation is based on margin, which can be calculated using one of the following methods: May 15 the deadline for filing your texas franchise tax return with the texas comptroller’s office is wednesday, may 15, 2024.