An entity that has stopped operating can still have a report due. The index separates ceasing activity from closing the account.
An out-of-state entity that ends its nexus in Texas must file its final report and pay any amount due within 60 days of ceasing to have nexus. That sentence was on the franchise index on 29 September 2026.
A Texas entity uses the close-or-reinstate path linked from the same index. This page will not add steps the index did not print. The step owners skip, in ordinary experience, is treating a quiet bank account as a closed Comptroller account. That is a warning about the difference, not a client story.
Read on the Comptroller franchise index, comptroller.texas.gov/taxes/franchise/, on 29 September 2026. 15 May is the day named for the yearly filing, and a weekend or holiday pushes that day forward to the following business day. For report years 2026 and 2027, tax begins above 2,650,000 dollars. Retail or wholesale is listed at 0.375 percent, every other activity at 0.75 percent, compensation is capped at a 480,000 dollar deduction, and the EZ rate of 0.331 percent is listed beside a 20 million dollar revenue band. For report years 2024 and 2025 the tax-begins figure is 2,470,000 dollars and the compensation cap is 450,000 dollars. Filing after the due date costs 50 dollars on the report. Paying in the first 30 days after the due date adds 5 percent of the tax. Paying after that window adds 10 percent. Unpaid tax starts accruing interest on day 61. Even when tax is zero, the index still wants a Public Information Report or an Ownership Report. Those lines were copied from the franchise index and nowhere else.
| Activity stopped | A fact about the business |
|---|---|
| Final report | A filing, with its own timing |
| Account closed at the Comptrollermarked | A separate step |
| Information report for the last year | Still easy to forget |
I want the final report and the account closure kept as two steps, in the order the index supports.
You will be talking to the Steven Palmieri practice.