The virus is spread from person to person through: 1  Direct contact, such as shaking hands. 2  Small droplets that form when a person sneezes or coughs. 3  Contact with objects such as handkerchiefs that have been in contact with fluids from an infected person's nose or throat.
Final Franchise Tax Reports. A Texas entity must file and pay its final franchise tax report in the year it plans to terminate, merge or withdraw with the Texas Secretary of Stateâs office. For out-of-state entities, the final report must be filed and paid within 60 days of that entity ceasing to have nexus in Texas.
A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of or capital held by the entity. The franchise tax effectively charges corporations for the privilege of doing business in the state. 1 Nexus.