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=Types of Businesses=
This information is adapted from Comptroller[http://comptroller.texas.gov]:
==Entities Subject to Franchise Tax==
Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax. These entities include:
*business associations
*joint ventures
*other legal entities.
==Entities Not Subject to Franchise Tax==
*a trust exempt under Internal Revenue Code Section 501(c)(9)
*unincorporated political committees
=Sources=
