Acting Kelly Hancock today announced an immediate update to the agency’s interpretation of Texas franchise tax depreciation rules, allowing Texas businesses to take advantage of bonus ...

Unlike many states, Texas does not impose a traditional corporate income tax. Instead, it levies a franchise tax, which is a ...

Always forgetting to file your Texas Franchise Tax Reports on time? Starting in 2024, you might find yourself exempt from this task. The Texas legislature passed significant changes to the franchise ...

The issue of whether receipts from the sale of securities should be included in the franchise tax apportionment factor on a gross or net basis may be heard by the Texas Supreme Court after all. There ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Texas is widely regarded as one of the most business ...

Texas lies among those eight states with no personal income tax and is also one of the few states with no corporate income tax. Texas has a state sales tax of 6.25%, imposed on all retail sales, ...

Thinking about starting a business in Texas? You’re not alone. With its booming economy and business-friendly climate, Texas ...