Texas franchise tax report

At or under the threshold, you skip the franchise tax report and you still file Form 05-102 or Form 05-167. The old no-tax-due report is discontinued. That sentence is the reason a quiet year can still produce a filing obligation.

The public information report and the ownership information report are not the same form. The Comptroller page linked in the first paragraph explains which one applies. Read that page before you choose, because the wrong form can leave the filing incomplete.

The threshold is stated for report years 2026 and 2027. It is not a permanent number. If you are filing for a later report year, re-read the Comptroller page and use the number published for that year.

A quiet year is the year the rule is easiest to forget. Revenue falls, the tax conversation stops, and the public information report still comes due in May. The absence of a tax bill is not evidence that the filing obligation disappeared.

The report is due May 15, or the next business day if May 15 is a weekend or holiday. The reminder from this site still uses May 15 as the anchor date, because that is the date printed on the state page and the date most owners recognize.

If May 15 falls on a weekend, the practical deadline can move to the next business day. Do not use that rule to wait. File early in May and the weekend question never matters.

The state page is the authority on the current year date. If the Comptroller publishes a different instruction close to the deadline, that instruction controls.

A next-business-day rule protects a filer only when the delay is caused by the calendar. It does not protect a filer who starts on the last afternoon and cannot finish. Treat May 15 as the working deadline and the move as a cushion for the calendar, not for the filing session.

Form 05-102 is the public information report. Form 05-167 is the ownership information report. You file on the Comptroller site. We do not file it for you and we do not choose the form for you.

The two forms serve different reporting purposes, and the Comptroller page explains the filing requirement. Read the requirement first, then open the form that matches your entity and year.

Keep the state confirmation after you file. A checklist PDF is not a state receipt, and a reminder email is not a state receipt.

The two forms are not interchangeable, and filing the wrong one can leave the requirement unmet. Read the Comptroller requirement page, decide which form applies to your entity and year, and keep a copy of what you submitted.

The Comptroller lists $2,650,000 for the 2026 and 2027 report years. Of annualized total revenue, that is the line between filing the franchise tax report and filing only the public information or ownership information report.

The threshold is not a suggestion and it is not a safe harbor from every filing. It changes which report you file, not whether you file. An entity at or under the line still has a May 15 obligation.

If your revenue is close to the line, do the arithmetic from your own records and confirm the rule on the Comptroller page. This site does not calculate your revenue and does not decide your threshold position.

Annualized total revenue is a defined term, not a casual total of deposits. Use the definition on the Comptroller page and your own books. If the position is close, the cost of a professional review is smaller than the cost of guessing wrong.

The threshold decides which report you file. It does not decide whether you file. Keep those two questions separate and the May 15 obligation stays visible even in a year with no tax due.

If your revenue crossed the line in the prior year, the position for the current report year may not be the position you remember. Check the year label on the Comptroller page and match it to the report year you are filing. A threshold read from the wrong year is a guess dressed as a fact.

Skipping the report can forfeit the right to transact business in Texas. That is the consequence named on the Comptroller page, and it is more serious than a late fee. A forfeited entity can face limits on contracts, lawsuits, and ordinary business activity until the state reinstates it.

The risk is easy to underestimate when no tax is due. An owner who owes nothing may assume there is nothing to file. The public information report or ownership information report is the thing to file, and the May 15 date is the deadline.

If the right to transact business has already been forfeited, this site cannot fix it. Use the Comptroller process or a professional. Our page explains the filing; it does not repair a forfeiture.

A forfeiture can surface at the worst moment, such as a closing, a loan, or a lawsuit. The remedy usually involves filing what was missed and paying what the state requires. Starting that process early is cheaper than discovering the problem under a contract deadline.

The Texas PDF prints May 15, the next-business-day rule, the $2,650,000 threshold for 2026 and 2027, and the two forms an entity still files when no tax is due. It explicitly says that the old no-tax-due report is discontinued.

The PDF repeats the boundary line that you file on the Comptroller site and pay the state yourself. It is a working sheet, not a government form.

The yearly plan schedules three reminders around the Texas date stored with the order. The one-time plan delivers the PDF only.

The PDF does not calculate your revenue, choose your form, or decide whether the threshold applies. It prints the rule and the two form names so you can take the right question to the Comptroller page. A checklist that guessed your position would be less useful than one that shows its limits.

If you file through a preparer, give them the May 15 date and the threshold in writing. A preparer who handles many entities can still miss a public information report for one client. The reminder belongs to the owner, not only to the adviser.

We do not file the report, choose between Form 05-102 and Form 05-167, calculate the franchise tax, or restore a forfeited registration. We are not a law firm; a registered agent; a Secretary of State; a tax preparer.

We publish the facts with a source link and a read date, and we email a checklist. For a tax calculation or a forfeiture question, use the Comptroller or a professional.