Tag: Tex Tax Code 171.002

0.375 % vs 0.75 %: Which Texas Franchise-Tax Rate Applies to You?

Introduction Texas imposes two different franchise-tax rates—0.375 % and 0.75 %—depending on whether your business is primarily engaged in retail or wholesale trade. Getting the rate wrong can lead to under-payment penalties or over-paying unnecessarily. This guide will help you determine which rate applies, illustrate with examples, and walk you through how to report the […]

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