Texas No Tax Due 2024. The majority of llcs in texas fall under the no tax due threshold, which is currently $1,230,000 in annualized total revenue. Texas franchise tax reports are annual filings required by the texas comptroller of public accounts for businesses operating within the state of texas.

For report years 2022 and 2023, most taxpayers with annualized revenue under $1.23 million did not owe. Parents, get ready to save!