The State of Texas does not have personal income tax.
Corporate
The State of Texas does not have corporate income tax. The corporate franchise tax has a component based on earned surplus. Earned surplus is essentially federal net taxable income plus compensation paid to corporate officers and directors if the corporation has more than 35 shareholders.
P.O. Box 7, Victoria TX 77902 700 Main Center, Suite 104, Victoria TX 77901 1-800-765-8198 361-485-3190 tel. 361-485-3195 fax.
