--- title: "No tax due report: Definition and Sources | Tax Glossary" description: "A no tax due report was a Texas franchise tax filing for entities under the revenue threshold; since the 2024 report year, many such entities file an information..." url: https://wallacecpa.multisites.ai/glossary/no-tax-due-report publisher: Wallace CPA phone: +1-877-682-1171 quote: https://wallacecpa.multisites.ai/contact --- Texas tax # No tax due report A no tax due report was a Texas franchise tax filing for entities under the revenue threshold; since the 2024 report year, many such entities file an information report instead. Under the old rules, a Texas entity with revenue at or below the threshold filed a no tax due report to show it owed nothing. A 2023 law, Senate Bill 3, changed that. The Comptroller says that for the 2024 report year and later, an entity at or below the threshold does not file this report. That entity must still file a Public Information Report or an Ownership Information Report. Missing that filing can still cause problems with the account. The [Texas franchise tax](https://wallacecpa.multisites.ai/glossary/texas-franchise-tax) entry explains the threshold, and the [no tax due post](https://wallacecpa.multisites.ai/blog/texas-no-tax-due-report) covers what changed. A [limited liability company](https://wallacecpa.multisites.ai/glossary/limited-liability-company-llc) should check its status each May. [Wallace CPA can helpNew business formation](https://wallacecpa.multisites.ai/services/business-formation) ## Related terms - [Texas franchise tax](https://wallacecpa.multisites.ai/glossary/texas-franchise-tax) - [Limited liability company (LLC)](https://wallacecpa.multisites.ai/glossary/limited-liability-company-llc) - [Appraisal district](https://wallacecpa.multisites.ai/glossary/appraisal-district) ## Sources 1. [Texas Comptroller: No tax due reporting for report year 2024 and later](https://comptroller.texas.gov/taxes/franchise/ntd-rpt-updates-2024.php) ## Talk to Wallace CPA Call the Southlake office and say what you need: a return, an IRS letter, your books or a new business. Have the notice or last year's return nearby if you have one. [Call (877) 682-1171](tel:+1-877-682-1171)[Send a message](https://wallacecpa.multisites.ai/contact) 180 State Street, Suite 225, Southlake, TX 76092