Collected by
Texas Comptroller of Public Accounts
Due
May 15 each year, or the next business day
Main forms
Public Information Report (05-102), EZ Computation Report (05-169)
Who owes it
Every LLC formed in Texas or doing business there is a taxable entity, including a single-member LLC the IRS disregards. Sole proprietorships and general partnerships owned directly by people are not.
How it is worked out
A tax on taxable margin, worked out from total revenue with a choice of deductions. Smaller entities can use a simpler EZ computation. LLCs with annual revenue at or below the no-tax-due threshold owe no tax; the Comptroller resets that threshold every two years.
When it is due
May 15 each year, or the next business day.
The first report covers the period from the LLC’s formation date to the end of its accounting year in that calendar year, and is generally due May 15 of the following year.
Extensions: Request one by May 15 through Webfile or Form 05-164, paying the required part of the tax. Most filers get one extension, to November 15.
How to file
Online through the Comptroller’s Webfile, with approved software, or on paper where allowed. Forms you may need:
- Public Information Report (05-102)
- EZ Computation Report (05-169)
- Long Form Report (05-158-A / B)
- Extension Request (05-164)
If it is missed
A late-filing penalty applies to every late report, even when no tax is due, plus penalties and interest on late tax. If reports stay unfiled, the Comptroller forfeits the LLC’s right to transact business in Texas and the Secretary of State can forfeit its registration. Reinstating means filing every missing report and paying what is owed.
- The no-tax-due threshold changes every two years, so check the Comptroller’s page for the current one.
- Texas has no personal income tax; the franchise tax is the state’s main tax on businesses.
Other yearly Texas filings
Texas has no annual report for LLCs; the yearly filing is the franchise tax report. See the Texas annual report page and the compliance tracker for every date.
Sources
Related
Frequently asked questions
Does my Texas LLC have to pay the Texas franchise tax?
Every LLC formed in Texas or doing business there is a taxable entity, including a single-member LLC the IRS disregards. Sole proprietorships and general partnerships owned directly by people are not.
When is the Texas franchise tax due?
May 15 each year, or the next business day. The first report covers the period from the LLC’s formation date to the end of its accounting year in that calendar year, and is generally due May 15 of the following year.
Do I have to file if no tax is owed?
Since the 2024 report year there is no No Tax Due Report. An LLC at or below the threshold still files a Public Information Report (Form 05-102) every year, even when it owes nothing.
How is the Texas franchise tax calculated?
A tax on taxable margin, worked out from total revenue with a choice of deductions. Smaller entities can use a simpler EZ computation. LLCs with annual revenue at or below the no-tax-due threshold owe no tax; the Comptroller resets that threshold every two years.
What happens if I do not file or pay?
A late-filing penalty applies to every late report, even when no tax is due, plus penalties and interest on late tax. If reports stay unfiled, the Comptroller forfeits the LLC’s right to transact business in Texas and the Secretary of State can forfeit its registration. Reinstating means filing every missing report and paying what is owed.
Can I get an extension?
Request one by May 15 through Webfile or Form 05-164, paying the required part of the tax. Most filers get one extension, to November 15.
