Texas has no personal or corporate income tax, making it a smart place to start and grow a business. The state’s low cost business environment has helped it to become the nation’s leader for job and population growth.
Taxes & Descriptions
There is no personal or corporate income tax in Texas.
0.75% of margin for most taxable entities or
0.375% for entities primarily engaged in retail or wholesale trade
0.331% for entities with $20 million or less in total revenue
Tax does not apply to sole proprietorships, general partnerships with individual owners, nonprofits or other specific entities