TX Franchise Tax Report Requires Either the PIR or OIR

Texas requires either the Public Information Report (PIR) or the Ownership Information Report (OIR), depending upon the kind of business filing the Franchise Tax Report. The PIR and OIR should not both be completed in the same return. 

If the company is a Corporation, LLC, limited partnership, professional association, or financial institution, they must complete the PIR (form 05-102). If the company does not meet the definition of a Corporation, LLC, limited partnership, professional association, or financial institution, but has an obligation to file and pay any franchise tax, such as a partnership or trust, Texas requires the completion of the OIR (form 05-167).