Texas Franchise Tax Report 2024 Instructions W2. Learn about texas franchise tax report due dates, fees, & requirements. The official name is the texas franchise tax report but in most tax offices, it’s referred to interchangeably as a return or report.

Texas has made several changes that apply to report year 2024 (calendar year 2023) increasing the “no tax due” revenue threshold from $1.23 million to $2.47. The texas franchise tax is levied annually by the texas comptroller on all taxable entities doing business in the state.