Tex. Tax Code § 171.151
This is the official text of Tex. Tax Code § 171.151, part of Texas’s Tax Code — governs state and local taxation.
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§ 171.151. PRIVILEGE PERIOD COVERED BY TAX.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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