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Texas / State / 89th Legislature, 2025 Regular Session

HB 346 (Acts 2025, 89th Leg., R.S.) Made the new veteran-owned business fee waiver and franchise tax exemption permanent

Catalog reconciledEnactedScope changed

Signed Takes effect

Expands benefits Removed the January 1, 2026 sunset so the formation fee waiver and five-year franchise tax exemption for new veteran-owned businesses continue.

Repealed the sections of SB 938 (2021) that would have repealed Business Organizations Code 12.005 and Tax Code 171.0005 on January 1, 2026, so the $300 formation fee waiver and five-year franchise tax exemption for a business wholly owned by honorably discharged veterans continue. Signed June 12, 2025; effective September 1, 2025. This, not SB 524, is the act that did it.

Progress

Path to law: Bill in a two-chamber legislature

  1. Introduced Done, Filed in the House
  2. In committee Done, House State Affairs, then Senate Economic Development
  3. Passed one chamber Done, House
  4. Passed both chambers Done, Senate passed it as substituted on May 28; House concurred in the Senate amendments
  5. Signed by the governor Done,
  6. In effect Done,

Sponsors

  • Harris DavilaSponsor, House
  • CapriglioneSponsor, House
  • CookSponsor, House
  • SimmonsSponsor, House
  • KingSponsor, Senate
  • MilesCo-sponsor, Senate

What it touches

  • Tex. Tax Code § 171.0005
  • Tex. Bus. Orgs. Code § 12.005

Catalog entry

Official record

Read HB 346 (Acts 2025, 89th Leg., R.S.) on the jurisdiction's own record