Texas State Tax Help and Forms (Subscribe)
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Texas tax help, forms and answers to thousands of Texas tax questions. Handy summary of all Texas taxes, including corporate and individual Texas income taxes, credits, exemptions, deductions and more. Includes Texas estate, gift and inheritance tax, miscellaneous Texas taxes, pass-through entity treatment, payroll taxes, property taxes and Texas sales & use taxes.
Texas ranks #11 on the State Business Tax Climate Index (TaxFoundation.org).|
Corporate Taxes
Rates & Brackets: None Loss Carry-back/fwd: 0 Years Back / 5 Years Forward (temporary credit) Throwback Sales?: N Foreign Tax Deductible?: N Alternative Minimum Tax (AMT): N Gross Receipts Tax: 0.5% to 1.0% of Total Revenue less Adjustments and Discounts Rate varies according to business size and type No tax for entities with Annualized Total Revenue <$300,000 ($1 Million after 1/1/2010) Capital Stock (Net Worth) Tax?: N Credits and Incentives Job Credits?: Y (temporary carryforward) R&D Credits?: Y (temporary carryforward) Investment Credits?: Y (temporary carryforward) Individual Taxes Rates & Brackets: None Local Option IT Rate: None Federal Inc used as Base?: N/A Standard Deductions: N/A Personal Exemptions/Credits (c): N/A Federal Tax Deductible?: N/A State Tax Deductible?: N/A Alternative Minimum Tax (AMT)?: N/A Inheritance, Gift, Estate, Death Taxes Gift Tax?: N Estate Tax?: Copies Federal Inheritance Tax?: N Generation-Skipping Tax?: N Miscellaneous Taxes Gas Tax: 20.0 cents/gallon Diesel Tax: 20.0 cents/gallon Cigarette Tax: 141.0 cents/20 pack Pass-through Entities LLC Pass-through Recognized?: N S-Corp Pass-through Recognized?: N Payroll Taxes Unemployment Insurance Tax Index (TaxFoundation.org): #9 Property Taxes Median Tax Paid on Homes (Rank): $2,232 (#14) Median Value of Homes: $126,800 Tax as % of Home Value (Rank): 1.76% (#1) Median Income of Homeowner: $63,850 Tax as % of Income (Rank): 3.50% (#14) Sales and Use Taxes State Rate: 6.25% County & City (Weighted Ave): 1.14% Combined State and Ave. Local Rates (Rank): 7.39% (#11) General Treatment of Services: Many Taxable Gas Exemption: Exempt Grocery Exemption: Exempt |
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- Taxes/State and Local Taxes/Multistate State Tax Help and Forms
- Taxes/State and Local Taxes/State Tax Tools/State Tax FAQs/Texas State Tax Questions and Answers
Links
General Policies, Travel Guidelines, Training, Mailing and Postage, Audit Reports, and Computer Equipment and Repair (Rev. 10/00).
http://www.window.state.tx.us/taxinfo/audit/audproc/audproc.htm
Property tax code at the top of the page. Scroll down for sales, franchise and other taxes.
Texas Administrative Code from the Secretary of State. Select "TAC Viewer," Title 34 (Public Finance), Part 1 (Comptroller of Public Accounts), Chapter 3 (Tax Administration).
This manual is used as a training tool for new auditors and as a reference guide for experienced auditors. The primary focus is Texas sales tax, which provides most of the tax revenues for the State of Texas. Note that there are other taxes which are administered and audited by the Texas Comptroller of Public Accounts (Rev. 06/08, Prev. Rev. 07/98).
Sampling procedures and information applicable to tax auditing (Rev. 07/2007).
http://www.window.state.tx.us/taxinfo/audit/sampling/sampling.pdf
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Get a fresh start from June 15 to August 15, 2007, when the Comptroller offers a unique, limited-time waiver of penalties and interest.
Tax Policy News, monthly.
