Chapter 171 Of The Texas Tax Code. (a) a franchise tax is imposed on: (b) the tax imposed under this chapter extends to the limits of the united states constitution and the federal law adopted under the united states constitution.
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(a) a franchise tax is imposed on: (1)aaaffiliated group means a group of one or more entities in which a controlling interest is owned by a common owner And (2) each limited liability company that does business in this state or that is organized under the laws of this state. Chapter 171, tax code, as added by this act, and chapter 233, insurance code, as added by this act, apply only to a tax report originally due on or after january 1, 2026. Forfeiture of certificate or registration of taxable entity 171.3125. (a) a franchise tax is imposed on each taxable entity that does business in this state or that is chartered or organized in this state. (a) a franchise tax is imposed on each taxable entity that does business in this state or that is chartered or organized in this state. Web income received by a nonoperator from mineral properties under a joint operating agreement if the nonoperator is a member of an affiliated group and another member of that group is the operator under the same joint operating agreement. (3) the entity does not receive more than 10 percent of its federal gross income from conducting an active trade or business. Web texas tax code (ttc) 171.0003(b).
And (2) each limited liability company that does business in this state or that is organized under the laws of this state. Is the recapture of depreciation under internal revenue code (irc) sections 1245, 1250 and 1254 considered passive income? Acts 2006, 79th leg., 3rd c.s., ch. Forfeiture of certificate or registration of taxable entity 171.3125. Revival of certificate or registration of taxable entity after forfeiture by secretary of state 171.4011. (3) the entity does not receive more than 10 percent of its federal gross income from conducting an active trade or business. Web franchise tax subchapter a. Web tax code title 2. (a) a franchise tax is imposed on: Chapter 171, tax code, as added by this act, and chapter 233, insurance code, as added by this act, apply only to a tax report originally due on or after january 1, 2026. (a) a franchise tax is imposed on each taxable entity that does business in this state or that is chartered or organized in this state.
