Texas Franchise Tax Instructions 2024. 1, 2024, a taxable entity whose annualized total revenue is less than or equal to $2.47 million is no longer required to file a no tax due. What is the texas franchise tax?
The 2024 changes to the texas franchise tax system mark a significant shift in the state’s tax policy, aiming to reduce complexities and encourage business growth. Read this article to see if you qualify to file: