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A BILL TO BE ENTITLED
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AN ACT
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relating to certain fees for newly formed businesses. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 405, Government Code, is |
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amended by adding Section 405.025 to read as follows: |
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Sec. 405.025. ELIMINATION OF FIRST YEAR BUSINESS ENTITY |
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FEES. The secretary of state shall, in coordination with |
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appropriate state and local governmental entities, work to |
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eliminate all fees relating to licensing and registration required |
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to be paid by a business entity in the entity's first year of |
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business, to the extent authorized by law. |
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SECTION 2. This Act takes effect September 1, 2023. |