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Old 09-11-2008, 06:22 PM
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How many Corporation Income Tax Rates does Texas State have for Tax Year 2008?

Texas is one of those few States that does not impose a Corporation Tax on its Corporations.

However, Texas State imposes a "Franchise Tax" which is assessed at 1.0% (0.5% for retail or wholesale entities) of gross revenues over $300,000, with a variable discount allowed for businesses with revenues between $300,000 to $900,000."

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