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Tag: Franchise tax filing
Texas Franchise Tax: What It Is & How to Calculate It
Introduction Texas does not impose a corporate income tax, but businesses operating in the state may be subject to the Texas Franchise Tax. This tax applies to certain businesses based on their gross revenue rather than their net profits. This guide explains who must pay the Texas Franchise Tax, how to calculate it, and how […]
Texas Franchise Tax: Who Needs to Pay & How to File
Introduction Texas does not have a state income tax, but it does impose a franchise tax on businesses. The Texas Franchise Tax is a gross receipts tax applied to businesses earning over a certain threshold. This tax helps fund state services, infrastructure, and education. This guide explains who must pay Texas Franchise Tax, how to […]