Texas Franchise Tax No Tax Due 2026: What Texas LLCs Under $2,650,000 Must File
If your Texas LLC's annualized total revenue is under $2,650,000, you owe $0 in franchise tax for 2026 — but you still have a filing obligation. The old No Tax Due Report was discontinued in 2024. Today, LLCs below the threshold must file a Public Information Report (PIR) by May 15. Miss that deadline and your LLC risks forfeiture of its right to operate in Texas, and officers can become personally liable for the LLC's debts.
Step 1: Calculate your annualized total revenue
Before anything else, confirm whether your LLC actually qualifies for no tax due status. The 2026 no tax due threshold is $2,650,000 in annualized total revenue.
"Annualized total revenue" means your gross revenue for the reporting period, scaled to a full 12-month year:
- Full-year LLC: Use your annual gross revenue directly.
- New LLC (formed mid-year): Divide your revenue by the number of months you operated, then multiply by 12. For example, if your LLC operated 9 months and earned $1,500,000, your annualized total revenue is $1,500,000 ÷ 9 × 12 = $2,000,000 — below the threshold.
Use your profit and loss statement's gross revenue line as a starting point. The Texas Comptroller's definition of "total revenue" is based on the Texas Tax Code and may differ from your accounting software's "net income." For complex situations, consult a CPA familiar with Texas franchise tax.
This step should take about 5 minutes.
Step 2: Confirm you're below the $2,650,000 threshold
If your annualized total revenue is $2,650,000 or less, your LLC owes $0 in franchise tax for 2026. You qualify for no tax due status.
If your revenue exceeds $2,650,000, you owe franchise tax and must file using the EZ Computation Report (Form 05-169) if your revenue is $20 million or less, or the Long Form (05-158-A/B) for revenue above $20 million. See the full Texas franchise tax guide for those filing paths.
Common mistake: Many LLC owners see the $2,650,000 threshold and assume they have no filing obligation at all. That is not correct. Qualifying for no tax due means you owe $0 — it does not mean you file nothing. Continue to Step 3.
This step should take about 2 minutes.
Step 3: Know what to file — the PIR, not the old No Tax Due Report
The No Tax Due Report (Form 05-163) was officially discontinued in 2024. If you find references to it online or in old guides, those instructions are out of date.
Starting with the 2024 report year, Texas LLCs below the no tax due threshold are required to file one thing:
- Public Information Report (Form 05-102) — due May 15
The PIR collects your LLC's principal office address, the names and addresses of all members and managers, and your registered agent information. It is processed by the Comptroller and forwarded to the Texas Secretary of State.
You do not need to submit a separate franchise tax computation form if your revenue is below $2,650,000.
Why this matters: The PIR requirement has teeth. Under Texas Tax Code §§ 171.251, 171.252, and 171.255, failure to file a completed and signed PIR can result in forfeiture of your LLC's privileges — even if you owe $0 in taxes. After forfeiture, officers and directors can become personally liable for debts the entity incurs.
See the full walkthrough on the Texas Public Information Report for LLCs page.
Step 4: File the PIR via WebFile by May 15
The fastest way to file is through the Texas Comptroller's free WebFile portal. It takes about 15 minutes.
- Go to comptroller.texas.gov/taxes/franchise/ and click WebFile.
- Log in with your eSystems account, or create one free if this is your first time.
- Select your entity from the list.
- Choose to file the Public Information Report (Form 05-102).
- Complete the form: principal office address, member and manager names and addresses, registered agent information.
- Review, sign, and submit.
- Note your confirmation number.
You can also download a paper Form 05-102 from comptroller.texas.gov/taxes/franchise/forms/ and mail it in, but online filing gives you instant confirmation and is strongly preferred.
Common mistake: Waiting until the last minute and then discovering you need your Texas Taxpayer ID to log in to WebFile. Find that number now — it appears on any prior Comptroller correspondence, or you can look it up at the Comptroller's Taxpayer Search tool.
This step should take about 15 minutes.
Step 5: Save your confirmation and keep a record
After you submit, WebFile shows a confirmation number. Download or screenshot it and store it with your LLC's business records alongside the year it covers.
The Comptroller processes PIR filings and forwards them to the Secretary of State. Your LLC's good standing in Texas depends on this annual filing being complete and on time.
If you miss May 15, file immediately — the sooner you file after the deadline, the lower your exposure. Forfeiture is not automatic on May 16, but the Comptroller can trigger it over time for non-filers.
Quick Reference
| Detail | Info |
|---|---|
| What | Public Information Report (PIR) |
| Who | Texas LLCs with ≤ $2,650,000 annualized total revenue (no franchise tax owed) |
| When | May 15 annually |
| Where | Texas Comptroller — comptroller.texas.gov |
| Form | Form 05-102 (PIR) |
| Cost | Free |
| Penalty | Forfeiture of LLC privileges; personal liability for officers/directors |
Frequently asked questions
What is the Texas franchise tax no tax due threshold for 2026?
The no tax due threshold for 2026 is $2,650,000 in annualized total revenue. If your Texas LLC's revenue is at or below that amount, you owe $0 in franchise tax. However, you still have a filing obligation — you must submit the Public Information Report (Form 05-102) by May 15.
Does my Texas LLC need to file anything if it owes no franchise tax?
Yes. Owing $0 in franchise tax does not eliminate your filing obligation. LLCs below the no tax due threshold must still file the Public Information Report (Form 05-102) by May 15 each year. Failure to file can result in forfeiture of your LLC's right to operate in Texas and personal liability for officers under Texas Tax Code §§ 171.251 and 171.255.
What happened to the Texas No Tax Due Report?
The Texas No Tax Due Report (Form 05-163) was discontinued in 2024. If your LLC's revenue is below the $2,650,000 threshold, you no longer file that form. Instead, you file only the Public Information Report (Form 05-102) by May 15. Any guide that still refers to the No Tax Due Report is out of date.
What happens if my Texas LLC doesn't file the PIR by May 15?
Missing the May 15 PIR deadline can lead to forfeiture of your LLC's privileges in Texas. Under Texas Tax Code §§ 171.251 and 171.255, officers and directors of a forfeited entity can become personally liable for debts the LLC incurred after forfeiture. Even if you owe $0 in tax, skipping the PIR puts your LLC's good standing — and your personal liability protection — at risk.
How do I calculate annualized total revenue to check the $2,650,000 threshold?
Annualized total revenue is your gross revenue for the reporting period, scaled to 12 months. If your LLC operated the full year, use your annual gross revenue. If your LLC was formed mid-year, divide your revenue by the months in operation and multiply by 12. When in doubt, use your profit and loss statement's gross revenue line as a starting point and review the Comptroller's definition at comptroller.texas.gov/taxes/franchise/.
Not sure what else your Texas LLC owes?
Most business owners are surprised by how many filing obligations they have. Ortholo's free compliance checker shows you everything you owe, when it's due, and what happens if you miss it — personalized to your entity.
Last verified: 2026-04-28
Sources: Texas Comptroller — Franchise Tax · PIR/OIR Filing Requirements · Texas Tax Code §§ 171.251–171.255