$1,030,000 is the new franchise tax minimum revenue floor

The 2011 Legislature extended the $1 million minimum revenue requirement for paying franchise taxes through Dec. 31, 2013.  The amount is subject to inflation adjustments and State Comptroller Susan Combs announced that the inflation adjusted minimum revenue is now $1,030,000 for reports due in 2012.  The minimum revenue amount drops to $600,000 Jan. 1, 2014.

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