Texas Veteran-Owned Business Filing Fee Waiver
What it saves: $300 Certificate of Formation filing fee
Conditions: Effective January 1, 2022, you may again form a "new veteran-owned business" as defined by Senate Bill 938 (87th Reg., 2021). A new veteran-owned business is not subject to certain filing fees and the Texas franchise tax until the earlier of the fifth anniversary of the entity's existence or the date the business ceases to qualify as a new veteran-owned business. To qualify as a "new veteran-owned business" under the provisions of Senate Bill 938, an entity must: Be formed or organized in Texas on or after January 1, 2022, and Be 100 percent owned by an individual or individuals, with each owner being an honorably discharged veteran from a branch of the U.S. Armed Services.
Proof required:
- Veteran Verification Letter from the Texas Veterans Commission for each owner
- Comptroller Form 05-904, Certification of New Veteran-Owned Business
Source: verified 2026-07-08
Texas New Veteran-Owned Business Franchise Tax Exemption
What it saves: Texas franchise tax exemption, plus no Public Information Report/Ownership Information Report requirement, for the initial five-year period after formation
Conditions: A qualifying new veteran-owned business is not subject to franchise tax and is not required to file a Public Information Report or Ownership Information report for its initial five-year period. To be considered a qualifying new veteran-owned business, an entity must: be formed or organized in Texas either on or after Jan. 1, 2016, and before Jan. 1, 2020; or on or after Jan. 1, 2022; be 100 percent owned by a natural person or persons, with each owner being an honorably discharged veteran from a branch of the U. S. Armed Services; and provide a Letter of Verification of Veteran's Honorable Discharge issued for each owner by the Texas Veterans Commission. If, during the initial five-year period, a new veteran-owned business no longer meets the above criteria, the entity must notify the Comptroller's office; and the entity becomes subject to franchise tax.
Proof required:
- Letter of Verification of Veteran's Honorable Discharge (Texas Veterans Commission) for each owner
- Comptroller Form 05-904, Certification of New Veteran-Owned Business
Source: verified 2026-07-08