Glossary • Updated 2026
Texas Margin Tax
Texas’s gross-receipts-based business tax with a no-tax-due threshold ($2.65M for 2026–2027 reports).
In detail
Under the threshold: no tax report, but the PIR is still due May 15.
Above it: EZ (~0.331%) or long-form margin with COGS/compensation deductions.
Miss May 15 and face $50 plus forfeiture risk.
Where it matters
More definitions
Sources
- Cal. Rev. & Tax Code; 8 Del. C.; Wyo. Stat. Title 17; FTB/SOS glossaries