TaxGuided
United States Franchise tax threshold history history

Historical year detail

United States Franchise tax threshold history in 2024

Texas sharply increased the no-tax-due threshold for the 2024 and 2025 report years to $2.47 million while leaving the public rates at 0.375% for retail or wholesale entities and 0.75% for other taxable entities.

Country

United States

Series

Franchise tax threshold history

Year

2024

Rate structure

PeriodNo tax due thresholdRetail/wholesale rateOther entity rate
2024-2025$2,470,0000.375%0.75%

Enacting authority

Texas Comptroller published threshold table

Franchise Tax page

Open legislation source

Inflation-adjusted brackets have not been loaded for this starter record yet.

Primary sources

Important disclaimer

This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.