The Comptroller has certified that probable revenue for the fiscal biennium ending Aug. 31, 2015, is sufficient to offset the loss in revenue from applying the Temporary Permissive Alternate Rates for franchise tax reports due in 2015. Therefore, the Temporary Permissive Alternate Rates for 2015 provided in Texas Tax Code Section 171.0023 are effective.
The 2015 rates are:
- 0.95 percent for most entities, and
- 0.475 percent for entities that are primarily engaged in retail and wholesale trade.
Notice of the certification is in the Oct. 3, 2014, Texas Register.
