Page 24 - Texas Sales & Franchise Tax Handook

Calculation of the Tax (1/7)

Margin Total Revenue

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

Available Credits Cost of Goods Sold

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.

Compensation
Apportionment

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.