Page 24 - Texas Franchise Tax Handbook
P. 24
Penalties and Interest
Penalties Interest
• A $50 penalty is assessed on each report filed • Past due taxes are charged interest beginning 61
after the due date. days after the due date.
• If tax is paid 1-30 days after the due date, a 5 • To calculate interest on past due taxes,
percent penalty is assessed. visit Interest Owed and Earned.
• If tax is paid over 30 days after the due date, a 10
percent penalty is assessed.
