Blue Star Bookkeeping · Austin, TX · Updated March 12, 2026
Texas Franchise Tax Report: Deadline & No-Tax-Due Basics
The Texas Franchise Tax is an annual report required by the Texas Comptroller for most LLCs, corporations, and other entities registered in Texas — separate from your federal or state income tax return. It is generally due each year on May 15, though the exact date should always be confirmed with the Comptroller for the current filing year.
Who has to file
Most Texas LLCs, corporations, partnerships, and other registered entities are required to file a Franchise Tax report annually, even if the business owes no tax for the year.
"No Tax Due" filings
Many small businesses fall under a revenue threshold set by the Texas Comptroller and file a "No Tax Due" report rather than paying franchise tax. That threshold is set and adjusted by the Comptroller — we confirm the current figure with you rather than relying on a number that may be out of date.
The Public/Ownership Information Report
Along with the franchise tax report, most entities must also file a Public Information Report (PIR) or Ownership Information Report (OIR), listing officers, directors, or members. Missing this piece is one of the more common reasons a filing gets flagged as incomplete.
What happens if you miss the deadline
Late filing can result in penalties and, eventually, forfeiture of the entity's right to do business in Texas. If you have missed a prior year, it is worth addressing sooner rather than later — the longer it sits, the more it can compound.
Common questions
Do I still have to file if my business made no money this year?
In most cases, yes — a report is still required even at zero revenue, though it may qualify as a "No Tax Due" filing.
Can you tell me exactly what my business owes?
We calculate that with you directly, since it depends on your entity’s specific revenue and structure for the year — we don’t estimate it without your actual numbers.
Related service
Texas Franchise Tax Report →General information for Austin, TX taxpayers — not personalized tax or legal advice. Rules, thresholds, and deadlines change; confirm specifics for your situation with our office or the relevant government agency.
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Schedule a free 15-minute consultation. We will answer your questions and walk you through the process.