State franchise taxes are specific to both your turnover and the state your franchise operates in. With each state having unique and multiple formulas to compute franchise tax, we play an essential role in working out options to reduce your tax burden to the least.The State of Texas collects Franchise Tax, also known as the "Margin Tax," from all for-profit corporations, limited liability companies, limited partnerships, business trusts, and professional associations in exchange for the privilege of doing business in the State. Some non-profits are also subject to the tax. Each year, companies pay the more significant tax on net taxable capital or net taxable earned surplus at the rate of .5% for wholesalers or retailers and 1.0% for all others. Companies with less than $1,000,000 in revenue are exempt from the tax but are still required to file a report.