Page 21 - Texas Sales & Franchise Tax Handook

Entities Subject to Franchise Tax in Texas (2/2)

Professional Corporations Trusts

Each taxable entity
formed in Texas or Each taxable entity

doing business in formed in Texas or
Texas must file and doing business in
pay franchise tax. Texas must file and
pay franchise tax.
T E

Joint Ventures Partnerships

Each taxable entity $ X Each taxable entity
formed in Texas or formed in Texas or

doing business in S A doing business in
Texas must file and Texas must file and

pay franchise tax. pay franchise tax.

Business
Professional

Associations Associations
Each taxable entity Each taxable entity
formed in Texas or
formed in Texas or doing business in
doing business in
Texas must file and Texas must file and
pay franchise tax.
pay franchise tax.