Texas Franchise No Tax Due Report 2024. Effective january 1, 2024, the no tax due reporting threshold for business entities formed or qualified to do business in the state of texas will increase from $1.23. Texas has increased the “no tax due” revenue threshold for the texas franchise tax to $2.47 million and eliminated the requirement to file a no tax due.

So we need to watch how tx comptroller records that are clients have complied when the no tax due no longer exists. In july 2023, the legislature passed senate bill 3, which increased the no tax due threshold and eliminated reporting requirements for certain entities.