Page 11 - Texas Franchise Tax Handbook
P. 11
Calculation of the Tax (1/7)
Margin Total Revenue
Each taxable entity
formed in Texas or Each taxable entity
doing business in Texas formed in Texas or
must file and pay doing business in Texas
franchise tax. 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 Texas doing business in Texas
must file and pay S A must file and pay
franchise tax. franchise tax.
Compensation
Apportionment
Each taxable entity
Each taxable entity formed in Texas or
formed in Texas or doing business in Texas
doing business in Texas must file and pay
must file and pay franchise tax.
franchise tax.
