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Deadline Details

State Franchise Tax Due
Physicians and other businesses have until May 15 each year to file their state franchise tax returns or seek a filing extension without having to pay a 5-percent penalty. The Texas Medical Association worked first with the Texas Legislature and then with the state comptroller in 2007 and 2008 to ensure physicians could exclude from their taxable revenue payments from Medicare, Medicaid, TRICARE, the Children's Health Insurance Program, and workers' compensation plans (including patients' deductibles and copays). Physicians also can claim some allowance for uncompensated care, even when patients have made small partial payments. Expenses attributable to uncompensated care cannot be deducted if the cost of that care is excluded from revenue.
Texas State Comptroller's Office
05/15/2018
There is a $50 penalty for a franchise tax report filed after the due date, even if no tax is due with that report and even if the taxpayer subsequently files the report.
Franchise tax reports are due on May 15 each year. If May 15 falls on a Saturday, Sunday, or legal holiday, the next business day becomes the due date. The comptroller’s office will tentatively grant an extension of time to file a franchise tax report upon timely receipt of the appropriate form. Timely means the request is received or postmarked on or before the due date of the original report. See Franchise Tax Extensions of Time to File at the link above for more information. You can file your franchise tax report, or request an extension of time to file, online.
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