State of Texas
Business Income Tax Extensions

The State of Texas imposes a franchise tax on taxable entities that are doing business in the state. The annual franchise tax report is due on May 15th. You may request a 3-month extension to file that Texas annual franchise tax report by filing Texas Form 05-164. Texas is one of the few states that allows for a second extension so if you are unable to file your Texas franchise tax report by the extended due date of August 15th, you may again file Texas Form 05-064 and extend your final filing deadline to November 15th.

Remember that filing an extension of time to file your Texas Annual franchise tax report does not grant an extension of time to pay taxes due. Make sure you pay any estimated taxes due with Texas Form 05-164 by May 15th to avoid any potential late payment penalties. 

Further information: Texas Comptroller of Public Accounts “Texas Taxes” website.