Texas Business Organizations Code 12.005 – Fee Waiver for New Veteran-Owned Business
Current as of: 2024 | Check for updates
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Terms Used In Texas Business Organizations Code 12.005
- Business: means a trade, occupation, profession, or other commercial activity. See Texas Business Organizations Code 1.002
- Entity: means a domestic entity or foreign entity. See Texas Business Organizations Code 1.002
- Secretary: means the:
(A) individual designated as secretary of an entity under the entity's governing documents; or
(B) officer or committee of persons authorized to perform the functions of secretary of an entity without regard to the designated name of the officer or committee. See Texas Business Organizations Code 1.002
The secretary of state shall waive all fees imposed under Subchapter D, Chapter 4, for an entity that is a new veteran-owned business as defined by § 171.0005, Tax Code, until the earlier of:
(1) the fifth anniversary of the date on which the entity was formed; or
(2) the date the entity ceases to qualify as a new veteran-owned business as defined by § 171.0005, Tax Code.
Text of section effective until January 01, 2026