Page 7 - Texas Franchise Tax Handbook
P. 7

Entities Subject to Franchise Tax in Texas (1/2)








                    Corporations                                                                            LLC & Series LLCs


                   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.

                                                                  T           E

          S Corporations                                                                                         Banks


              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.



                                                                                                          State Limited Banking
             Savings and Loan

                    Associations                                                                          Associations
                  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.
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