Texas Franchise Tax Relief

On June 15, 2015 Texas Governor Greg Abbott signed into law a permanent reduction in the Texas Franchise Tax.

 There was a 25% reduction in both the retail rate which dropped from 0.5% to 0.375% and the non-retail rate which was reduced from 1.0% to 0.75%.  In addition, the maximum revenue for filing the EZ form was doubled from $10 million to $20 million with a rate reduction from 0.575% to 0.331%.  The new law will apply to all reports due after 01/01/2016. For information on how this Texas Franchise Tax relief will affect your business, call our office at 817.488.8939 to schedule your complimentary consultation.
Share with friends...Share on linkedin
Share on facebook
Share on twitter