INTERNET MARKETING

 

 
INTERNET MARKETING

How to Negotiate the Best Office Lease for Your Startup

Are online lenders Safe?

How to Price A Menu for your Restaurant

States With No Corporate Income Tax Rate
Ohio
Nevada
South Dakota
Texas
Washington
Wyoming
Key Economic Indicators
Item Rate
CPI: 0.3% (Mar 2017) 
GDP Growth: 0.7% (1st Qtr 2017)
Prime Interest Rate: 4%
Consumer Confidence: 120.3% (Apr 2017)
Small Biz Confidence: 104.7% (Mar 2017)
Avg Gas Price: $2.35

 

 

 

 

 

 

 

SMALL BUSINESS NEWS

10 Oct 2016

 

Email this page    

 

Veteran Entrepreneurs Exempt From Franchise Tax

New veteran-owned businesses that are formed or begin doing business in the state of Texas on or after January 1, 2016 will be entitled to a tax break.  They will not be required to pay the Franchise Tax.

To qualify as a veteran-owned business the owner(s) must be veterans who served in and was honorably discharaged from a branch of the United States armed forces.  The owners must provide verification to the state comptroller in order to be certified.

Veteran-owned businesses will enjoy this tax break status for a period of 5 years or sooner if the business ceases to qualify as a veteran-owned entity.

The annual franchise tax report is due every year on May 15th.  The rates are as follows:               

Item

Amount

No Tas Due Threshold   

$1,110,000

Tax Rate (Retail or Wholesale)  

0.375%

Tax Rate (other than Retail or Wholesale)

0.75%

 

Sources:
S.B. No. 1049
Texas Franchise Tax


By Wendy Stewart

 

 

 

 

 

 

 

 

 

 
 

 

  
 

INTERNET MARKETING

News Home

SBZ Home

 

  

     

                  Report broken links               Contact us              About us           Become a Contributor to this site            Link Exchange 

2012-2015 The Small Business Zone, Inc.  All rights reserved.