Texas · Every year
Texas franchise tax report for an LLC (2026)
How a Texas LLC files its yearly franchise tax report: the May 15 deadline, the $2.65 million no-tax-due threshold for 2026–2027, the Public Information Report you still file, penalties, and what happens if you skip it.
Texas doesn’t have an “annual report” for LLCs like most states. Instead, every Texas LLC files a franchise tax report with the Texas Comptroller by May 15 each year. Most small LLCs owe $0, but they still have to file the one-page Public Information Report (PIR). Skipping it is the most common way Texas LLCs end up forfeited.
Comparing Texas with other states? See the 2026 LLC fees and deadlines by state table, or get your dates from the LLC deadline tracker.
What do I file?
| Your total revenue | What you file | Tax owed |
|---|---|---|
| $2,650,000 or less | Public Information Report only | $0 |
| Over $2,650,000, up to $20 million | Franchise tax report (EZ computation allowed) + PIR | 0.331% of revenue with EZ, or the regular calculation |
| Over $20 million | Full franchise tax report + PIR | 0.75% of taxable margin (0.375% for retail/wholesale) |
“Total revenue” is the LLC’s gross receipts for the accounting year ending in the prior calendar year. “Taxable margin” is revenue minus one allowed deduction (such as cost of goods sold or compensation). If you’re near or above the threshold, have a CPA prepare the full report.
How to file, step by step
- Find your taxpayer and Webfile numbers. The 11-digit Texas taxpayer number and the Webfile number (it starts with XT or FQ) are on the franchise tax notice the Comptroller mails each spring.
- Add up total revenue. Use the LLC’s total revenue for the accounting year that ended in the prior calendar year. Your bookkeeping or tax return has this number.
- Compare it to the threshold. For 2026 and 2027 reports the no-tax-due threshold is $2,650,000. At or below it, you owe no franchise tax.
- File the right form. At or below the threshold: file only the Public Information Report. Above it: file the full franchise tax report (EZ computation is available up to $20 million in revenue) plus the PIR, and pay the tax.
- Check the PIR details. Make sure the managers or members, principal office, and registered agent listed are current. This information is public.
- Save the confirmation. Keep the Webfile confirmation with your company records. You’ll want it when you request a certificate of account status for a loan, sale, or closing.
Have these ready
- 11-digit Texas taxpayer number
- Webfile number from the Comptroller notice
- Total revenue for the prior accounting year
- Current managers or members and their addresses
- Registered agent name and Texas address
Late filing: penalties and forfeiture
| What happened | Penalty |
|---|---|
| Report filed after the due date | $50 per report |
| Tax paid 1–30 days late | 5% of the tax |
| Tax paid more than 30 days late | 10% of the tax |
| Tax still unpaid after 60 days | Interest starts on day 61 |
| Ignored long enough | LLC loses the right to do business in Texas; the Secretary of State can forfeit the registration |
If you get a Notice of Intent to Forfeit (Form 05-211), file the missing report right away. If you were under the threshold, filing the missing Public Information Report is usually enough. To get back in good standing after forfeiture, see reinstate an administratively dissolved LLC and bring an LLC into good standing.
Closing a Texas LLC
Before Texas will let you terminate the LLC, you need a certificate of account status from the Comptroller, which means filing a final franchise tax report and paying anything owed in the year you close. Full steps: How to dissolve (close) an LLC.
Texas franchise tax FAQ
- Does every Texas LLC have to file a franchise tax report?
- Every Texas LLC has to file something each year, even if it owes nothing. If total revenue is at or below the no-tax-due threshold ($2.65 million for 2026 and 2027 reports), you just file the Public Information Report. Above that, you file a full franchise tax report and pay any tax due.
- What is the Public Information Report (PIR)?
- A short yearly form that lists the LLC’s managers or members, its principal office, and its registered agent. The Comptroller shares it with the Secretary of State. It’s how Texas keeps the company record current, and it’s required even when no tax is due.
- Do I still file a No Tax Due Report?
- No. Starting with 2024 reports, Texas dropped the No Tax Due Report. Entities at or below the threshold file only the Public Information Report (or Ownership Information Report, for some entity types).
- When is the report due?
- May 15 each year. If May 15 is a weekend or holiday, it moves to the next business day. Your first report is due the May 15 after the LLC’s first full year begins; check your Comptroller account for the exact first-year date.
- What happens if I don’t file?
- The Comptroller charges a $50 late-filing penalty per report, plus 5% or 10% of any late tax. If you keep ignoring it, the LLC loses the right to do business in Texas and the Secretary of State can forfeit its registration. Fixing it means filing every missing report. See reinstate a dissolved LLC.
- Where do I file?
- Online through the Comptroller’s Webfile system, using the LLC’s 11-digit Texas taxpayer number and the Webfile number printed on the notice the Comptroller mails you. Approved tax software can also file it.
- Is franchise tax the same as sales tax?
- No. Franchise tax is a yearly tax on the business itself. Sales tax is collected from customers on taxable sales and needs its own permit. See sales tax permit after an LLC.
Related guides
Sources
- Texas Comptroller — Franchise Tax (due date, thresholds, rates, penalties) — as of Checked 12 October 2026
- Texas Comptroller — No Tax Due Reporting for Report Years 2024 and Later — as of Checked 12 October 2026
- Texas Comptroller — Webfile — as of Checked 12 October 2026