BillTrack50 logo
Free Signup Login
Bill

Bill > SB938

TX SB938

Relating to an exemption from the franchise tax and certain filing fees for certain businesses owned by veterans during an initial period of operation in the state.

summary

Introduced
03/02/2021
In Committee
05/10/2021
Crossed Over
04/13/2021
Passed
05/25/2021
Dead
Signed/Enacted/Adopted
06/16/2021

Introduced Session

87th Legislature Regular Session

Bill Summary

Relating to an exemption from the franchise tax and certain filing fees for certain businesses owned by veterans during an initial period of operation in the state.

AI Summary

This bill provides an exemption from the franchise tax and certain filing fees for certain businesses owned by veterans during an initial period of operation in the state. Specifically, it defines a "new veteran-owned business" as a new business in which each owner is a veteran who has been honorably discharged from the U.S. armed forces. This bill waives all fees for forming such a business entity for up to 5 years or until the business no longer qualifies as a new veteran-owned business. It also exempts these businesses from the franchise tax for the same period. The bill includes provisions for the Texas Veterans Commission to provide verification of a person's veteran status to the Comptroller, who will adopt rules to implement these changes.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

See remarks for effective date (on 06/16/2021)
(1 Companion Bills)

bill text

bill summary

Loading...

bill summary

Loading...

bill summary

Document Type Source Location
State Bill Page https://capitol.texas.gov/BillLookup/History.aspx?LegSess=87R&Bill=SB938
Analysis (Enrolled) https://capitol.texas.gov/tlodocs/87R/analysis/html/SB00938F.htm
BillText https://capitol.texas.gov/tlodocs/87R/billtext/html/SB00938F.htm
Bill https://capitol.texas.gov/tlodocs/87R/billtext/pdf/SB00938F.pdf
BillText https://capitol.texas.gov/tlodocs/87R/billtext/html/SB00938H.htm
Bill https://capitol.texas.gov/tlodocs/87R/billtext/pdf/SB00938H.pdf
Analysis (House Committee Report) https://capitol.texas.gov/tlodocs/87R/analysis/html/SB00938H.htm
Fiscal Note (Engrossed) https://capitol.texas.gov/tlodocs/87R/fiscalnotes/html/SB00938E.htm
BillText https://capitol.texas.gov/tlodocs/87R/billtext/html/SB00938E.htm
Bill https://capitol.texas.gov/tlodocs/87R/billtext/pdf/SB00938E.pdf
BillText https://capitol.texas.gov/tlodocs/87R/billtext/html/SB00938S.htm
Bill https://capitol.texas.gov/tlodocs/87R/billtext/pdf/SB00938S.pdf
Fiscal Note (Senate Committee Report) https://capitol.texas.gov/tlodocs/87R/fiscalnotes/html/SB00938S.htm
Analysis (Senate Committee Report) https://capitol.texas.gov/tlodocs/87R/analysis/html/SB00938S.htm
Fiscal Note (Introduced) https://capitol.texas.gov/tlodocs/87R/fiscalnotes/html/SB00938I.htm
Analysis (Introduced) https://capitol.texas.gov/tlodocs/87R/analysis/html/SB00938I.htm
BillText https://capitol.texas.gov/tlodocs/87R/billtext/html/SB00938I.htm
Bill https://capitol.texas.gov/tlodocs/87R/billtext/pdf/SB00938I.pdf
Loading...