Effective January 1, 2016, limited partnerships (LPs) and professional associations (PAs) on which a franchise tax is imposed are required to file a public information report with the Texas Comptroller along with their annual franchise tax returns. This amendment by HB 2891 brings LPs and PAs in line with the requirements for corporations and limited liability companies (LLCs) under the Tax Code. It also removes the secretary of state’s annual statement filing requirement for PAs and periodic report requirement for LPs that are subject to franchise taxes.