State Of Texas Franchise Tax 2024. These changes are effective for reports filed in 2024 and forward. 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.
Here’s a closer look to see if you need to file and pay this extension. Last july, the texas state legislature passed significant changes that apply to franchise tax reports due on or after january 1, 2024 (“report year 2024”).
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