New veteran-owned businesses are not subject to franchise tax for an initial five-year period (Senate Bill 1049, 84th Legislature).
To be considered a new veteran-owned business, an entity must:
The Comptroller’s office will verify this information. We must be notified if the ownership of the new veteran-owned business changes at any point during the initial five-year period. If during the initial five-year period a new veteran-owned business no longer meets the above criteria, it will become subject to the franchise tax.
Follow these steps for Comptroller verification that your business qualifies as a new veteran-owned business.
To receive a Letter of Verification of Veteran’s Honorable Discharge (honorable discharge letter), veterans must fax a written request, along with their Department of Defense Form 214, to the TVC at 512-463-8741.
The written request must include the following information:
Once all owners have received their honorable discharge letter from the TVC, complete Form 05-904, Certification of New Veteran-Owned Business (PDF), by including each owner’s:
Use as many pages as necessary to identify 100 percent ownership in the business.
A veteran-owned business that is forming as a corporation, limited liability company, limited partnership, limited liability partnership or professional association must complete the appropriate Secretary of State (SOS) formation documents and mail them along with the verification documents to the SOS. All other entities must mail registration and verification documents to the Comptroller’s office. Follow the instructions below.
A veteran-owned business forming with the SOS must mail the following documents to the SOS:
Contact the SOS at 512-463-5555 for filing assistance.
Entities registering with the Comptroller’s office must submit all of the following documents by mail to the Comptroller’s office:
Contact the Comptroller’s office at 512-463-4402 for assistance.
If your entity has formed with the SOS on or after Jan. 1, 2016, but has not submitted the required verification documents to the SOS, mail the following completed verification documents to the SOS:
If your entity registered with the Comptroller’s office on or after Jan. 1, 2016, but has not submitted the required verification documents to the Comptroller, mail the following completed verification documents to the Comptroller’s office:
NOTE: Your business will be notified by mail if, after submitting the required documentation, the Comptroller cannot verify your business’ status as a new veteran-owned business.
In 2015, the Texas Legislature passed House Bill 855, which requires state agencies to publish a list of the three most commonly used Web browsers on their websites. The Texas Comptroller’s most commonly used Web browsers are Google Chrome, Microsoft Internet Explorer and Apple Safari.