Tex. Tax Code § 171.151 · Subchapter D. PAYMENT OF TAX
PRIVILEGE PERIOD COVERED BY TAX.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The franchise tax shall be paid for each of the following:
(1) an initial period beginning on the taxable entity's beginning date and ending on the day before the first anniversary of the beginning date;
(2) a second period beginning on the first anniversary of the beginning date and ending on December 31 following that date; and
(3) after the initial and second periods have expired, a regular annual period beginning each year on January 1 and ending the following December 31.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1699, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1985, 69th Leg., ch. 31, Sec. 5, eff. Aug. 26, 1985; Acts 1991, 72nd Leg., 1st C.S., ch. 5, Sec. 8.11, eff. Jan. 1, 1992; Acts 1995, 74th Leg., ch. 1002, Sec. 14, eff. Jan. 1, 1996.
Amended by:
Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 6, eff. January 1, 2008.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TX/htm/TX.171.htm
- Text hash
- sha256 53d7ec92949b1ba5bbe9ca72d55467fb91918e93934e6f09cc28c39ec5ea05bc
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Tax Code § 171.151. Each shows the citation as that text prints it.
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