Texas 2026 franchise tax — I'm below the $2.65M no-tax-due threshold. Do I still file the PIR?

Texas treats the franchise-tax filing as two separate obligations, not one. The first is the tax computation itself — that's where the $2.65 million no-tax-due threshold matters. For 2026, an entity with total revenue at or below $2.65 million owes zero franchise tax. The second is the Public Information Report (PIR) — and that one is required for every Texas LLC, regardless of revenue. Both are due May 15.

Before 2024, entities below the no-tax-due threshold filed a No Tax Due Report (form 05-163) every May. As of the 2024 report year and continuing into 2026, entities at or below the threshold no longer file the No Tax Due Report — but they DO still file the PIR (form 05-102) and/or the Ownership Information Report (form 05-167), depending on entity type. For a single-member foreign-owned Texas LLC, the PIR is the relevant one.

The PIR is a one-page filing that confirms the LLC's name, registered agent and registered office, mailing address, and the names and addresses of each general partner, officer, director, or member-manager. For a member-managed foreign-owned LLC, this means the foreign owner's name and address must be disclosed on a public record. There is no fee for filing the PIR. It must be filed electronically through the Texas Comptroller's Webfile system or on paper by May 15.

A missed PIR triggers a forfeiture of the entity's right to do business in Texas. The LLC's certificate is not immediately revoked, but it loses good standing — meaning it cannot sue in Texas courts, cannot register a DBA, and cannot apply for state licenses. Restoring good standing requires filing all delinquent PIRs plus paying any associated franchise-tax balance. Foreign banks and payment processors that pull Texas Comptroller records during KYC will flag the forfeited status.