Comptroller

TX passes HB 1195 making forgiveness of PPP loans non taxable for the Texas Franchise Tax

Texas makes PPP Forgiveness non taxable for Franchise Tax

The Texas legislature just passed on the morning of April 23, 2021, HB 1195, making the forgiveness of PPP loans non taxable for the Texas Franchise Tax. The bill originated in the House and, initially, only included the Paycheck Protection Program. When it went to the Senate, the bill was amended to specifically include the […]

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Emergency Preparation Supplies - Texas Sales Tax Holiday from April 24, 2021 through April 26, 2021

Sales Tax Free Holiday In Texas For Emergency Supplies

Did the 2021 winter storm get you thinking about being better prepared for the next one? If so, make your list now of items you’ll need and be prepared for the Texas Sales Tax Holiday for emergency preparation supplies. The sales tax holiday will run from 12:01 a.m. on Saturday, April 24, 2021, through midnight

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The new due date for 2021 Texas Franchise Tax Reports is now June 15, 2021.

Businesses in Texas get extra time to file Franchise Tax Returns

Businesses in Texas will get some extra time to file their Texas Franchise Tax Reports for report year 2021. This is the report that covers calendar year 2020 and fiscal years that ended within 2020. The Texas Comptroller of Public Accounts has automatically extending the due date to June 15, 2021 to be consistent with

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Texas Franchise Tax Update

Texas Franchise Tax Filers Need To Watch For Emailed Reminders

The Texas Comptroller is changing the way annual reminders to file the Texas Franchise Tax will be delivered for 2021. For years, they have mailed an annual reminder to each Texas Franchise Tax filer with information about the current year’s due dates and this reminder includes the webfile number the taxpayer will use to e-file

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