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                                                                                                                                                                                                                                    Texas Franchise Tax

                                                                                                                                                                                                               RESET CALCULATION
Franchise Tax CalculationFranchise Tax Calculation
The worksheet below calculates taxable margin on a separate entity basis. The worksheet 
will calculate an amount of tax due based upon the amounts that are entered.                                                                                                                                   Annualized RevenueAnnualized Revenue
 
If your annualized total revenue is less than or equal to $2,470,000, you owe no tax and                                                                                                                       Report year
are not required to file a No Tax Due report; HOWEVER, you are still required to file a                                                                                                                                   2024
Public Information Report or an Ownership Information Report. 
                                                                                                                                                                                                               Accounting month day year
                                                                                                                                                                                                               year begin 
If your annualized total revenue is $20 million or less, you are eligible to use the E-Z                                                                                                                       date
computation for calculating your tax. See the line 12 instructions for additional information.                                                                                                                 Accounting month day year
                                                                                                                                                                                                               year end 
SPECIAL NOTE TO TAXABLE ENTITIES THAT ARE PART OF AN AFFILIATED GROUP:                                                                                                                                         date
Taxable entities that are part of an affiliated group engaged in a unitary business must file                                                                                                                  Total revenue for the report period
a combined report in lieu of individual reports. All members of a combined group must use 
the same method to compute margin (total revenue minus cost of goods sold, 
compensation, 30% of revenue, or $1 million). See instructions for additional information.                                                                                                                     Annualized amount

Step 1. MarginStep 1. Margin

 1a.  Total revenue ......................................................................................................................................                                                     ____________________
 1b. Cost of goods sold ...............................................................................................................................                                                        ____________________
 1c. Cost of goods sold margin - Line 1a minus Line 1b .............................................................................                                                                           ____________________
 2a. Total revenue ........................................................................................................................................                                                    ____________________
 2b. Wages and cash compensation ............................................................................................................                                                                  ____________________
 2c. Employee benefits ................................................................................................................................                                                        ____________________
 2d. Compensation margin - Line 2a minus (Lines 2b and 2c) ...................................................................                                                                                 ____________________
 3a. Total revenue .......................................................................................................................................                                                     ____________________
 3b. % margin - Equals 70% of Line 3a .......................................................................................................                                                                  ____________________
 4a. Total revenue .......................................................................................................................................                                                     ____________________
 4b. Total revenue less $1,000,000 - Line 4a minus $1,000,000  ...............................................................                                                                                 ____________________

 5. Margin  - Enter the least of Lines 1c, 2d, 3b or 4b ..............................................................................                                                                         ____________________

Step 2. ApportionmentStep 2. Apportionment

 6. Texas gross receipts ............................................................................................................................                                                          ____________________
 7. Everywhere gross receipts ...................................................................................................................                                                              ____________________

 8. Apportionment factor     - Line 6 divided by Line 7 ...............................................................................                                                                        ____________________

Step 3. Taxable MarginStep 3. Taxable Margin

 9. Taxable margin - Line 5 multiplied by Line 8......................................................................................                                                                         ____________________

Step 4. Tax DueStep 4. Tax Due

 10. Tax due before discount or credits
     - Multiply Line 9 by     .00375 for wholesalers and retailers or   .00750 for other taxable entities                                                                                                      ____________________
 11. Credits ................................................................................................................................................ ..                                               ____________________
 12. E-Z computation (if eligible) - Line 3a times Line 8 times 0.00331 .......................................................                                                                                ____________________
 13. Discount ...............................................................................................................................................For the 2024 report year, discounts do not apply. ____________________

 14. Net tax due - Line 10 minus (Lines 11 and 13) OR Line 12 minus Line 13.
     (If less than $1,000, you owe no tax. Cannot be less than zero.) .........................................................                                                                                ____________________