What are the criteria for filing no tax due reports?
A taxable entity qualifies to file a no tax due report if it meets one of the criteria below: • zero Texas receipts, • total revenue, annualized per 12 month period on which the tax is based, of less than or equal to $434,782.00. (TTC 171.002(d) specifies $300,000 or less, but the actual highest revenue when you take into account the E-Z computation and discounts is $434,782), or • qualifies as a passive entity under TTC 171.0003.
A taxable entity, including a combined group, qualifies to file a No Tax Due Report if it meets one of the criteria below: • has zero Texas receipts, • qualifies as a passive entity under TTC 171.0003, • is a real estate investment trust (REIT) that meets the qualifications specified in TTC 171.0002(c)(4), or • has total revenue, annualized per 12 month period on which the tax is based, below the no-tax-due threshold amount defined below.
