SB 524
AN ACT relating to the exemption from the franchise tax and certain filing
Senate Bill • Campbell
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to Senate committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
relating to the exemption from the franchise tax and certain filing
Subject Areas
Bill Text
relating to the exemption from the franchise tax and certain filing fees for certain businesses owned by veterans. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. The following provisions are repealed: (1) Section 3, Chapter 859 (S.B. 938), Acts of the 87th Legislature, Regular Session, 2021, as effective January 1, 2026, which amended Section 171.0001(4), Tax Code; (2) Section 7, Chapter 859 (S.B. 938), Acts of the 87th Legislature, Regular Session, 2021, as effective January 1, 2026, which amended Section 171.063(g), Tax Code; and (3) Section 9, Chapter 859 (S.B. 938), Acts of the 87th Legislature, Regular Session, 2021, as effective January 1, 2026, which provided for the repeal of Section 12.005, Business Organizations Code, and Sections 171.0005, 171.001(d), and SECTION 2. This Act takes effect September 1, 2025.
Bill History
filed
Bill filed: AN ACT relating to the exemption from the franchise tax and certain filing
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