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1. • • (6) Unitary business--A single economic enterprise that is made up of separate parts of a single entity or of a commonly controlled group of entities that are sufficiently interdependent, integrated, and interrelated through their activities so as to provide a synergy and mutual benefit that produces a sharing or exchange of value among them and a significant flow of value to the separate parts.
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     Section 3.590 - Margin: Combined Reporting, 34 Tex. Admin ...

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   What franchise tax credits are available?

   • The following franchise tax credits are available: Taxable entities that are part of an affiliated group engaged in a unitary business must file a combined group report. Members of a combined group must use the same method to compute margin. See Tax Code Section 171.1014 and Rule 3.590 for more information on combined reporting.

   Franchise Tax Overview - Texas Comptroller of Public Accounts

   comptroller.texas.gov/taxes/publications/98-806.php

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   What happens if a combined group ceases doing business in Texas?

   • If every member of a combined group ceases doing business in Texas, a final report will need to be filed and paid before a taxable entity will receive clearance from the comptroller for termination, cancellation, withdrawal or merger. In all other cases, for the period a combined group exists, the combined group will file only annual reports.

   Section 3.590 - Margin: Combined Reporting, 34 Tex. Admin. Code § 3.

   casetext.com/regulation/texas-administrative-code/title-34-public-finance/part-1-comptroller-of-public-accounts/chapter-3-tax-administration/subchapter-v-franchise-tax/section-3590-margin-combined-reporting

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   Do I need to file a franchise tax report in 2024?

   • However, effective for reports due in 2024, taxable entities with total revenue at or below the no tax due threshold are no longer required to file a Franchise Tax Report but must continue to file an information report each year.

   Franchise Tax Overview - Texas Comptroller of Public Accounts

   comptroller.texas.gov/taxes/publications/98-806.php

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   How is franchise tax calculated?

   • Franchise tax is based on a taxable entity’s margin. Unless a taxable entity qualifies and chooses to file using the EZ computation, the tax base is the taxable entity’s margin and is computed in one of the following ways: total revenue minus $1 million (effective Jan. 1, 2014).

   Franchise Tax Overview - Texas Comptroller of Public Accounts

   comptroller.texas.gov/taxes/publications/98-806.php

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3. comptroller.texas.gov › taxes › publicationsFranchise Tax Overview - Texas Comptroller of Public Accounts

   comptroller.texas.gov › taxes › publications

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   Jan 1, 2008 · Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax. These entities include: corporations; limited liability companies (LLCs), including single member LLCs (SMLLCs) and series LLCs; banks; state limited banking associations; savings and loan associations; S corporations; professional corporations;

4. comptroller.texas.gov › taxes › franchiseFranchise Tax Frequently Asked Questions

   comptroller.texas.gov › taxes › franchise

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   The legal formation of an entity – not an entity's treatment for federal income tax purposes – determines filing responsibility for Texas franchise tax. Therefore, each taxable entity that is organized in Texas or doing business in Texas is subject to franchise tax, even if it is treated as a disregarded entity for federal income tax ...

5. www.sprouselaw.com › when-do-related-business-inWhen do related business in Texas have to file a combined ...

   www.sprouselaw.com › when-do-related-business-in

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   May 22, 2023 · Entities have to file a combined franchise tax return if they are part of a Combined Group. A Combined Group is two or more taxable entities that are part of an affiliated group engaged in a unitary business under Texas Tax Code §171.1014. Both Affiliated Group and Unitary Business are defined terms under the statutes and 34 Tex. Admin. Code ...

6. texas.public.law › statutes › texTexas Tax Code Section 171.1014 – Combined Reporting ...

   texas.public.law › statutes › tex

   • Cached

   Franchise Tax. § 171.1014. Tax Code Section 171.1014. Combined Reporting; Affiliated Group Engaged in Unitary Business. (a) Taxable entities that are part of an affiliated group engaged in a unitary business shall file a combined group report in lieu of individual reports based on the combined group’s business.

7. casetext.com › regulation › texas-administrativeSection 3.590 - Margin: Combined Reporting, 34 Tex. Admin ...

   casetext.com › regulation › texas-administrative

   • Cached

   When a taxable entity forms another taxable entity, a unitary relationship exists as of the date of formation unless the business is not unitary on a longer term basis. An acquired entity is required to file a report for the period prior to acquisition.