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FormsKaufman County, TX

FormsKaufman County, TX

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welcome to county office your ultimate guide to local government services and public records let's get started how to pay franchise tax in Texas the Texas franchise tax is a privilege tax imposed on taxable entities formed or doing business in Texas here are the key points to understand when paying this tax who needs to pay businesses such as corporations llc's Banks Partnerships and other legal entities are liable for Texas franchise tax if they are formed in Texas or doing business in the state hashash calculation of franchise tax the franchise tax is calculated based on the entity's margin which can be determined in several ways total revenue multiplied by 70% total revenue Minus cost of goods sold total revenue minus compensation or total revenue minus $1 million no tax due threshold if the annual total revenue is at or below the no tax due threshold currently 2,400 $17 for the 2024 report year The Entity is not required to pay Franchise Tax but must still f

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