No information is available for this page. Create Account. Resources.The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas. Information provided on this Financial Statement is for educational purposes. Financial resources submitted for consideration should be readily. Wells Fargo Online comes with the ability to receive and view statements for most of your accounts online. Simply enroll to set up a username and password. The annual franchise tax report is due May 15. If May 15 falls on a weekend or holiday, the due date will be the next business day. New Client Accounts: All clients will be required to create a new customer account for the new UCC system.