2024 Franchise Tax Reports Due May 15 2024. Texas ends no tax due report for 2024: In a significant update to the texas franchise tax, senate bill 3, enacted during the second special session of the 88th legislature, has introduced key changes that will take effect for reports originally due on or after january 1, 2024.
The form will not be available for any new reporting periods either. Changes to texas franchise no tax due reports for 2024.
Changes To Texas Franchise No Tax Due Reports For 2024.
No tax due threshold increased to $2.47 million from $1.23 million.
Prospective Repeal Of The Franchise Tax Alternative Minimum Property Measure.
No matter which form you file, your texas franchise tax report is due may 15th each year.
2024 Franchise Tax Reports Due May 15 2024 Images References :
The Deadline For Filing Your Texas Franchise Tax Return With The Texas Comptroller’s Office Is Wednesday, May 15, 2024.
The “no tax due” threshold for texas franchise tax has been raised substantially—from $1,230,000 to $2,470,000.
In July 2023, The Texas Legislature Passed Senate Bill 3, Which Increased The No Tax Due Threshold And Eliminated Reporting Requirements For Certain Entities.
In a significant update to the texas franchise tax, senate bill 3, enacted during the second special session of the 88th legislature, has introduced key changes that will take effect for reports originally due on or after january 1, 2024.
