Texas has no personal income tax, so individuals file no state return. Businesses do not escape entirely: most entities owe the franchise (margin) tax and file an information report, both due May 15, 2026. The franchise tax, not any income tax, is the Texas filing to plan around.

Does Texas have an income tax?

No. Texas imposes no individual income tax, so there is no state filing for individuals. There is also no separate state corporate income tax; the franchise (margin) tax is the entity-level tax instead.

What is the Texas franchise tax deadline?

The annual franchise tax report is due May 15, 2026 for the 2026 report year. The Public Information Report or Ownership Information Report is due the same day, filed alongside the franchise report. Entities whose total revenue is at or below the no-tax-due threshold (2.65 million dollars for 2026 and 2027) owe no franchise tax but most still file the information report.

Which entities owe the franchise tax?

The franchise tax applies to corporations, LLCs (including single-member and series LLCs), S-corporations, and most partnerships. Sole proprietorships and general partnerships owned solely by natural persons are exempt. Texas eliminated the standalone No Tax Due Report for 2024 and later, so a sub-threshold entity files the information report but no tax report.

How does a firm handle Texas at scale?

The trap is treating Texas as a no-filing state because there is no income tax. The franchise report and the information report are real annual obligations on May 15, and missing the information report can forfeit an entity's right to do business even when no tax is owed. Track the May 15 franchise date for every taxable entity, sub-threshold ones included. See how we think about scaling tax prep workflows.

Where do these dates come from?

All deadlines and thresholds here trace to the Texas Comptroller of Public Accounts. Verify against the source before filing.