Corporate Franchise Tax: also called the “Margins Tax”; tax rate is 1% of margin for most taxable entities, and 0.5% for entities primarily engaged in retail and wholesale trades; Texas Comptroller has published detailed information on the revision in Revised Franchise Tax Overview.
Sales & Use Tax: State 6.25%; tangible personal property and certain services; City 1.5%; Navarro County 0.5%; Combined Sales & Use Tax – 8.25%
Unemployment Compensation Tax. Your tax rate is the sum of five components. The sum of the five tax components multiplied by your taxable wages* computes the amount of tax you pay. The first four components have a role to play in ensuring adequate funding of benefit payments and ongoing solvency of the Unemployment Trust Fund.
The Texas Comptroller of Public Accounts collects more than 60 separate taxes, fees and assessments, including local sales taxes collected on behalf of more than 1,400 cities, counties and other local governments around the state.