(a) A taxable entity is a new veteran-owned business only if the taxable entity is a new business in which each owner is a natural person who:
(1) served in and was honorably discharged from a branch of the United States armed forces; and
(2) provides verification to the comptroller of the person’s service and discharge required by Subdivision (1).
(b) The Texas Veterans Commission shall provide to a person who meets the requirements of Subsection (a)(1) written verification of that status in a form required by the comptroller. The comptroller shall adopt rules prescribing the form and content of the verification and the manner in which the verification may be provided to the comptroller.

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Terms Used In Texas Tax Code 171.0005

  • Comptroller: means the Comptroller of Public Accounts of the State of Texas. See Texas Tax Code 1.04
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005

(c) For purposes of Subsection (a), a new business is a taxable entity that:
(1) is chartered or organized or otherwise formed in this state; and
(2) first begins doing business in this state on or after January 1, 2022.


Text of section effective until January 01, 2026