Texas Comptroller of Public Accounts
Texas franchise tax + Public Information Report
An annual privilege tax on taxable entities doing business in Texas, plus a Public Information Report (PIR) or Ownership Information Report (OIR).
Not legal or tax advice. Compliance Radar is an informational directory.
This is general information, not legal or tax advice. Deadlines and penalties change and depend on your specific facts — verify with the official source and a licensed CPA or attorney before acting.
We surface only obligations we can anchor to an official government source, each with the
date we last verified it. Sources change; always confirm against the linked official page.
- What it is
- An annual privilege tax on taxable entities doing business in Texas, plus a Public Information Report (PIR) or Ownership Information Report (OIR).
- Who must file
- LLCs, corporations, and LPs doing business in Texas.
- Deadline
- May 15 each year.
- Penalty if missed
- $50 per report filed late; on unpaid tax, 5% (1–30 days late) or 10% (more than 30 days late) plus interest. Continued non-filing can lead to forfeiture of the right to transact business.
- Notes
- 2026: the No-Tax-Due threshold is $2,650,000 for report year 2026 (up from $2,470,000 for 2024–2025). The separate No-Tax-Due Report was eliminated starting 2024, but entities below the threshold must still file the PIR (Form 05-102) or OIR (Form 05-167).
- Official source
- Texas Comptroller — Franchise Tax — verified as of 2026-06-22