Tex. Codes » Tax Code · TITLE 2. STATE TAXATION · SUBTITLE F. FRANCHISE TAX; CREDITS · CHAPTER 171. FRANCHISE TAX
Texas Codes

Tex. Tax Code § 171.151 (2026)

Privilege Period Covered By Tax

✓ current as of May 2026
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Sec. 171.151. PRIVILEGE PERIOD COVERED BY TAX. The franchise tax shall be paid for each of the following:

(1) an initial period beginning on the taxable entity's beginning date and ending on the day before the first anniversary of the beginning date;

(2) a second period beginning on the first anniversary of the beginning date and ending on December 31 following that date; and

(3) after the initial and second periods have expired, a regular annual period beginning each year on January 1 and ending the following December 31.

Acts 1981, 67th Leg., p. 1699, ch. 389, Sec. 1, eff. Jan. 1, 1982. Amended by Acts 1985, 69th Leg., ch. 31, Sec. 5, eff. Aug. 26, 1985; Acts 1991, 72nd Leg., 1st C.S., ch. 5, Sec. 8.11, eff. Jan. 1, 1992; Acts 1995, 74th Leg., ch. 1002, Sec. 14, eff. Jan. 1, 1996.

Amended by:

Acts 2006, 79th Leg., 3rd C.S., Ch. 1 (H.B. 3), Sec. 6, eff. January 1, 2008.

Notes of Decisions
Cited in 11 cases (1 in the last 5 years), 1991–2025 · leading case: Greene v. State, 324 S.W.3d 276 (Tex. App. 2010).
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Greene v. State, 324 S.W.3d 276 (Tex. App. 2010). “”); see also Tex. Tax Code Ann. §§ 171.151 -.214 (West 2008) (describing franchise tax filing and record-keeping obligations and deadlines).”
Davis v. State, 846 S.W.2d 564 (Tex. App. 1993). “Laws 405, 406 (Tex.Tax Code Ann. § 171.151, since amended).”
State of Texas' Agencies & Institutions of Higher Learning v. Pub. Util. Comm'n, 450 S.W.3d 615 (Tex. App. 2014). “See Tex. Tax Code §§ 171.151, .152; see also General Dynamics, 919 S.”
Sharp v. Hobart Corp., 957 S.W.2d 650 (Tex. App. 1998). “Laws 405 ( Tex. Tax Code Ann. § 171.151 , since amended).”
Tandy Corp. v. Sharp, 872 S.W.2d 814 (Tex. App. 1994). “Laws 405,406 (Tex.Tax Code Ann. § 171.151, since amended).”
Glenn Hegar, Comptroller of Pub. Accounts of the State of Texas & Ken Paxton, Attorney Gen. of the State of Texas v. Am. Airlines, Inc. (Tex. App. 2025). · cites it 5× “6, 33 Tex. Tax Code § 171.151..................”
Vahlco Corp. v. Comm'r, 97 T.C. 428 (Tax Ct. 1991). “(b) The corporation shall file the report within 90 days after the date that the initial period established by Sec.”
Bobby Blu Greene v. State (Tex. App. 2010). “"); see also Tex. Tax Code Ann. §§ 171.151 -.214 (West 2008) (describing franchise tax filing and record-keeping obligations and deadlines).”
James W. Davis v. State of Texas (Tex. App. 1993). “Laws 405 , 406 ( Tex. Tax Code Ann. § 171.151 , since amended).”
Tandy Corp. v. John Sharp, Comptroller of Pub. Accounts of the State of Texas Dan Morales, Attorney Gen. of the State of Texas & Martha Whitehead, Treasurer of the State of Texas (Tex. App. 1994). “Laws 405 , 406 ( Tex. Tax Code Ann. § 171.151 , since amended).”
John Sharp, Comptroller of Pub. Accounts of the State of Texas Dan Morales, Attorney Gen. of the State of Texas & Martha Whitehead, Treasurer of the State of Texas v. Hobart Corp. & Premark FEG Corp. (Tex. App. 1997). “Laws 405 ( Tex. Tax Code Ann. § 171.151 , since amended).”
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