The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas

Entities Subject to Franchise Tax

Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax. These entities include:

  • Corporations;
  • Limited Liability Companies (LLC), Including Series LLC;
  • Banks;
  • State Limited Banking Associations;
  • Savings & Loan Associations;
  • S Corporations;
  • Professional Corporations;
  • Partnerships (General, Limited and Limited Liability);
  • Trusts;
  • Professional Associations;
  • Business Associations;
  • Joint Ventures; And
  • Other Legal Entities.

Due Dates

It is always May 15th of each year.

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