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Texas Veteran-Owned Small Business Exemption

Texas Comptroller of Public Accounts (TXCPA)TX-VET-EXEMPT
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Texas

About This Program

Franchise tax exemption for the first five years of operation for new Texas businesses formed by honorably discharged veterans, providing a significant tax benefit during the critical startup phase.

Key Requirements & Eligibility

  • 1Business must be formed on or after January 1, 2022
  • 2At least 51% owned by one or more honorably discharged veterans
  • 3Veteran owner(s) must be Texas residents
  • 4Exemption period: 5 years from formation date
  • 5Must file annual franchise tax return and claim the exemption; no separate application

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

Veteran-OwnedSmall BusinessManufacturingTechnology
Official Source