The Texas franchise tax deadline is generally May 15 each year. For 2026, the deadline was May 15, 2026. If May 15 falls on a Saturday, Sunday, or legal holiday, the Texas Comptroller moves the deadline to the next business day. The Comptroller's instructions confirm the 2026 annual report deadline.
| Filing Item | Standard Deadline | 2026 Deadline |
|---|---|---|
| Texas franchise tax annual report | May 15 each year | May 15, 2026 |
| Tax payment | Generally due with the report | May 15, 2026 |
| Extended filing deadline | Generally November 15, adjusted for weekends or holidays | November 16, 2026 |
What Must Be Filed by May 15?
A Texas taxable entity generally must file its required franchise tax report and pay any franchise tax due by May 15. The required filing may include the following, depending on the entity's revenue and filing status:
- Texas Franchise Tax Report
- Public Information Report
- Ownership Information Report
- Franchise tax extension request, if additional time is needed
Beginning with reports due in 2024, entities at or below the no-tax-due threshold generally no longer file a separate No Tax Due Report. Those entities must still file the required information report each year.
Can a Business Get a Texas Franchise Tax Extension?
Yes. A business can generally extend its filing deadline to November 15 by submitting the extension request or required payment by the original May 15 deadline.
To qualify for the standard extension, the business generally must pay either:
- At least 90% of the franchise tax expected to be due on the current report; or
- 100% of the tax reported as due on the prior franchise tax report
If November 15 falls on a weekend or legal holiday, the deadline moves to the next business day. For 2026, the extended filing deadline is November 16.
What Happens If the Texas Franchise Tax Report Is Late?
The Texas Comptroller generally imposes a $50 penalty for a late franchise tax report, even when the report shows no tax due.
A business that missed the May 15 deadline should file as soon as possible, pay any tax and interest due, and confirm whether it submitted an extension correctly. The Comptroller's Webfile system can be used to file reports, make payments, and request extensions.