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.
Texas has a franchise tax on most business entities, but not on sole proprietorships. 1  The tax is based on what the state calls margin, which is total revenue adjusted in one of 4 ways: 2  Total revenue times 70%. 3  Total revenue minus Cost of Goods Sold. 4  Total revenue minus compensation, or. 5  Total revenue minus $1 million.