Texas Franchise Tax No Tax Due Report 2024. A recent texas comptroller policy memo interprets the statute of limitations for the comptroller to assess franchise tax and for a taxable entity to file a franchise tax. The “no tax due” threshold for texas franchise tax has been raised substantially—from $1,230,000 to $2,470,000.
In july of 2023, the texas state legislature passed a bill which increased the no tax due threshold and eliminated reporting requirements for certain entities required to file a 2024 texas franchise. By anthony franco | march 13, 2024 at 11:34pm cdt.
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