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What is the business tax in Texas?

The tax rate in 2022-23 is 0.375% for retail and wholesale businesses, and 0.75% for other businesses.

How much is the franchise tax in Texas?

Tax Rates, Thresholds and Deduction Limits ItemAmountTax Rate (retail or wholesale)0.375%Tax Rate (other than retail or wholesale)0.75%Compensation Deduction Limit$450,000EZ Computation Total Revenue Threshold$20 million2 more rows

What is the sexually oriented business tax in Texas?

$5 for each entry by each customer admitted to the business. Effective Sept. 1, 2023: $10 for each entry by each customer admitted to the business.

How do I pay sales tax on a small business in Texas?

You have three options for filing and paying your Texas sales tax: File online File online at the TxComptroller eSystems site. You can remit your payment through their online system. File by mail You can also download a Texas Sales and Use tax return here. AutoFile Let TaxJar file your sales tax for you.

Do sole proprietors pay franchise tax in Texas?

Entities Not Subject to Franchise Tax The following entities do not file or pay franchise tax: sole proprietorships (except for single member LLCs); general partnerships when direct ownership is composed entirely of natural persons (except for limited liability partnerships);