Preliminary Franchise Tax Information Released
Jun 26th, 2008 | By admin | Category: InformationAlthough it is too early to predict what the final franchise tax revenue total will be for this fiscal year, the Texas Comptroller of Public Accounts announced that as of June 24, the revised tax has produced about $4.2 million in revenue. Approximately 133,000 payments have been received, including 46,000 extension payments.
According to the comptroller’s office, the first year of a revised tax can be somewhat unpredictable, but it expects more revenue to be collected in August and November as extension filers settle their reports.
Tags: filers, fir, fiscal year, franchise tax, june 24, tax information, texas comptroller of public accounts