Corp USA Texas · Texas business formation & compliance
Texas Franchise Tax & May 15 PIR
Under $2,470,000 annualized total revenue: $0 Texas Franchise Tax under SB 3. Form 05-163 is eliminated for 2024+ report years. Form 05-102 PIR (LLCs, corporations, PLLCs) or Form 05-167 OIR (LPs/PAs) is still mandatory by May 15, starting the calendar year after formation. $50 late penalty; forfeiture and personal liability risks under Tex. Tax Code §§ 171.362, 171.251 and 171.252.
Corp USA is not a law firm and does not provide legal advice.
- Established 1998 · 28+ Years in Business
- Form 205 / 201 · $300 SOS Fee
- $0 Franchise Tax Under $2.47M (SB 3)
- (667) 274-0865
Texas facts & filing requirements
2026 SB 3 threshold
Under $2,470,000 annualized total revenue: $0 Texas Franchise Tax under SB 3. Form 05-163 is eliminated for 2024+ report years. Form 05-102 PIR (LLCs, corporations, PLLCs) or Form 05-167 OIR (LPs/PAs) is still mandatory by May 15, starting the calendar year after formation. $50 late penalty; forfeiture and personal liability risks under Tex. Tax Code §§ 171.362, 171.251 and 171.252.
Texas ComptrollerAbove the threshold
EZ Computation Form 05-169: 0.331% of Texas gross receipts up to $20M total revenue. Retail/wholesale: 0.375% of taxable margin. Standard: 0.75% of taxable margin; compare 70% revenue cap, COGS or compensation deductions.
Texas ComptrollerCompare the numbers before filing
Frequently asked questions
Under $2,470,000 annualized total revenue: $0 Texas Franchise Tax under SB 3. Form 05-163 is eliminated for 2024+ report years. Form 05-102 PIR (LLCs, corporations, PLLCs) or Form 05-167 OIR (LPs/PAs) is still mandatory by May 15, starting the calendar year after formation. $50 late penalty; forfeiture and personal liability risks under Tex. Tax Code §§ 171.362, 171.251 and 171.252.
Texas ComptrollerYes. You may use Texas SOSDirect or Texas Comptroller Webfile directly. Our optional service fee is separate. SOSDirect charges a 2.7% card convenience fee on state charges.
Texas Secretary of StateNo. Corp USA is not a law firm and does not provide legal advice. We are a private filing service.
Texas Secretary of State