Texas Franchise Tax Report Forms 2025: Filing Requirements, Deadlines, & How to Submit

The 2026 Texas franchise tax report was due May 15, 2026; if you filed an extension, your new deadline is November 16, 2026 (November 15 falls on a Sunday). If you missed May 15 without an extension, file now through the Comptroller's Webfile: a $50 late-filing penalty applies to each late report, unpaid tax picks up a 5% penalty (10% after 30 days), and in July 2026 the Comptroller began mailing Form 05-211 forfeiture notices to businesses that never filed. If your annualized revenue is at or below $2.65 million, you owe no tax for the 2026 report, but you still must file a Public Information Report (Form 05-102) or Ownership Information Report (Form 05-167).

Key takeaways:

• No-tax-due threshold: $2.65 million for 2026 and 2027 reports, up from $2.47 million for 2024 and 2025 reports
• Tax rates: 0.375% for retail and wholesale, 0.75% for all other businesses, 0.331% under the EZ Computation for revenue of $20 million or less
• No tax due still means filing: Form 05-102 (PIR) or Form 05-167 (OIR) is mandatory, and skipping it can forfeit your right to do business in Texas
• Late filing costs $50 per report plus 5-10% of unpaid tax, with interest starting 61 days after the due date
• Next up: the 2027 report is due Monday, May 17, 2027 (May 15 is a Saturday)

This guide covers the practical side: which forms to file, the deadlines, and how to submit. New to franchise tax? Start with Franchise Tax 101: Understanding Your Obligations in Texas for what the tax is, who owes it, and how the taxable margin is calculated.

What Is the Texas Franchise Tax & Who Needs to File in 2025?

The Texas franchise tax is a privilege tax that the Texas Comptroller of Public Accounts collects from most legal entities formed or doing business in Texas. It is calculated on a margin derived from gross revenue, not on net income, and most registered entities must file a report every year even when no tax is due. The full mechanics (margin calculation, deduction choices, exemption categories) are covered in Franchise Tax 101; here is the short version of who files.

Entities required to file: corporations, limited liability companies (LLCs, including single-member LLCs), limited partnerships, professional associations, and business trusts.

Entities that generally do not file: sole proprietorships (unless registered as an LLC), general partnerships owned entirely by natural persons, and nonprofits with an approved exemption (check exemption status).

Since the 2024 report year, the No Tax Due Report (Form 05-163) no longer exists. An entity with annualized total revenue at or below the no-tax-due threshold ($2.65 million for the 2026 report) files only Form 05-102, the Public Information Report, or Form 05-167, the Ownership Information Report.

Texas Franchise Tax Filing Deadline 2025: Key Dates

The annual Texas franchise tax report is due May 15 every year. When May 15 falls on a weekend or holiday, the due date moves to the next business day.

• 2026 report: was due Friday, May 15, 2026
• 2026 report with extension: due Monday, November 16, 2026 (November 15 is a Sunday)
• Mandatory EFT payers (paid $10,000 or more in franchise tax in the prior state fiscal year): the first extension ran to Monday, August 17, 2026; a second extension request moves filing to November 16, 2026
• 2027 report: due Monday, May 17, 2027
• Final reports: a Texas entity that terminates, converts, or merges files its final report in the year of the change; an out-of-state entity files within 60 days of ceasing to have nexus in Texas

An extension is valid only if, by the original May 15 due date, you paid at least 90% of the tax due with the current report or 100% of the tax reported on the prior-year report. Extensions are requested through Webfile or on Form 05-164, Texas Franchise Tax Extension Request; see the Comptroller's extension rules.

What If You Missed the May 15, 2026 Deadline?

File your 2026 report through Webfile as soon as possible and pay any tax due; the penalties are fixed percentages, but interest keeps accruing until you pay. The Texas Comptroller charges:

• $50 late-filing penalty on each report filed after the due date
• 5% of unpaid tax, rising to 10% once payment is more than 30 days late
• Interest on past-due tax, starting 61 days after the due date

If your revenue is at or below the $2.65 million threshold, you owe no tax; filing your 2026 Form 05-102 (PIR) or Form 05-167 (OIR) brings the account current.

In July 2026 the Comptroller began mailing Form 05-211, Texas Notice of Intent to Forfeit Right to Transact Business, to entities that missed the 2026 filing requirements. Ignoring it leads to forfeiture: the entity loses the right to sue or defend itself in a Texas court, and its officers, directors, members, or owners can become personally liable for certain entity debts (Texas Tax Code Sections 171.251-171.255). The fix is the same as above: file the missing report, pay the tax, penalties, and interest, then confirm your account status.

2025 Texas Franchise Tax Report Forms: Which One Do You Need?

Texas names each report after the year it is due, not the accounting year it covers. The report due May 15, 2026 (covering the accounting period that ended in 2025) is the 2026 report, filed on 2026-year forms; if you searched for "05-102 form 2025" in mid-2026, you most likely need the 2026 version. Late filers catching up on the report that was due May 15, 2025 use the 2025 forms instead. The current cycle lives on the 2026 forms page, alongside the official 2026 Texas Franchise Tax Report Information and Instructions booklet (Form 05-915, PDF); the 2025 edition of the instructions is linked from the 2025 forms page.

Rates and thresholds by report year (Texas Comptroller):

Form 05-102 (PIR) and Form 05-167 (OIR): Who Files Which

Every entity at or below the no-tax-due threshold files only this report; entities above the threshold attach it to their EZ Computation or Long Form report.

• Form 05-102, Public Information Report (PIR): corporations, LLCs, limited partnerships, professional associations, and financial institutions
• Form 05-167, Ownership Information Report (OIR): every other taxable entity type

Passive entities and qualifying new veteran-owned businesses (during their first five years) are exempt from filing a PIR or OIR.

How to Fill Out Form 05-102: Public Information Report Instructions

Form 05-102 lists each officer, director, member, general partner, or manager of your entity: name, title, and mailing address, plus your principal office and place of business. Check every name against your current records before submitting, because the information becomes public record in the Comptroller's Taxable Entity Search. An officer, director, or other authorized person signs the report, and there is no separate filing fee.

Submit through Webfile for instant confirmation, or download the 2026 Form 05-102 PDF and mail it. Two things Form 05-102 does NOT do: it cannot change your registered agent or registered office (file those changes with the Texas Secretary of State), and officer changes that happen after you file simply go on next year's PIR unless you mail an amended report marked "Amended."

EZ Computation Report (Form 05-169): Simplified Filing Option

Businesses with $20 million or less in annualized total revenue can file Form 05-169, the EZ Computation Report, and pay 0.331% of apportioned total revenue. The trade-off: no deduction for cost of goods sold or compensation, and no tax credits. If your margins are thin, run both calculations before choosing.

Long Form Franchise Tax Report (Forms 05-158-A & 05-158-B)

Any entity above the no-tax-due threshold that does not elect the EZ Computation files the Long Form, Forms 05-158-A and 05-158-B. This is the only route for businesses over $20 million in revenue and the better route for anyone claiming margin deductions (cost of goods sold, compensation, $1 million, or 30% of total revenue, whichever cuts the margin most). The tax rate is 0.375% of taxable margin for retail and wholesale businesses and 0.75% for all other businesses. Line-by-line instructions for Forms 05-158-A and 05-158-B are in the 2026 Texas Franchise Tax Report Information and Instructions (Form 05-915).

Texas Franchise Tax Payment Options: How & Where to Pay in 2025

• Webfile (recommended): file the report and pay electronically in one place, with instant confirmation
• Mail: send a check or money order with Form 05-170, the payment form, to Texas Comptroller of Public Accounts, P.O. Box 149348, Austin, TX 78714-9348
• EFT: entities that paid $10,000 or more in franchise tax in the previous state fiscal year must pay electronically; those that paid $500,000 or more must use TEXNET

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Final Takeaways

• Deadline: May 15 every year. For the 2026 report, extension filers have until November 16, 2026
• Missed it? File through Webfile now: $50 per late report, 5-10% of unpaid tax, and interest after 60 days. A Form 05-211 notice means the state is preparing to forfeit your right to do business
• No tax due is not no filing: at or below $2.65 million in revenue you skip the tax but still owe Form 05-102 (PIR) or Form 05-167 (OIR)
• Forms: 05-169 (EZ Computation, revenue of $20 million or less) or 05-158-A/B (Long Form), plus the PIR/OIR; Form 05-164 for extensions

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Last Updated: July 11, 2026

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References Used in This Article

Texas Comptroller – Franchise Tax (rates, thresholds, penalties): https://comptroller.texas.gov/taxes/franchise/

Texas Comptroller – Texas Franchise Tax Report Forms for 2026: https://comptroller.texas.gov/taxes/franchise/forms/2026-franchise.php

Texas Comptroller – Texas Franchise Tax Report Forms for 2025: https://comptroller.texas.gov/taxes/franchise/forms/2025-franchise.php

Texas Comptroller – Franchise Tax Extensions of Time to File: https://comptroller.texas.gov/taxes/franchise/filing-extensions.php

Texas Comptroller – Public Information Report and Ownership Information Report: https://comptroller.texas.gov/taxes/franchise/pir-oir-filing-req.php

2026 Texas Franchise Tax Report Information and Instructions (Form 05-915, PDF): https://comptroller.texas.gov/forms/05-915.pdf