Texas House Bill HB1984

Texas 2019 - 86th Regular

Caption

Relating to filing fees in connection with assumed named certificates for certain businesses owned by military veterans.

Note

Overall, HB 1984 represents a legislative effort to support military veterans in their entrepreneurial pursuits, reflecting broader state initiatives aimed at honoring and aiding those who have served.

Impact

The implications of HB 1984 reflect a commitment to supporting veterans in the business realm. By easing the costs associated with acquiring assumed names for their businesses, the legislation encourages entrepreneurship among veterans, potentially leading to increased economic activity and stability in communities. The bill positions itself as a means of not only aiding veterans but also enhancing local economies by fostering small business development, which can create jobs and provide services essential to Texas residents.

Summary

House Bill 1984 aims to alleviate some financial burdens on military veterans by allowing county clerks to waive certain filing fees associated with assumed named certificates for businesses owned by veterans. Specifically, the bill states that veterans or small businesses with five or fewer employees that are owned by veterans may be eligible for this waiver. This provision recognizes the unique challenges faced by veterans in establishing and operating their own businesses, thus providing them with a financial advantage in navigating the bureaucracy involved in business registration.

Contention

Despite its potential benefits, there may be points of contention regarding the implementation of this bill. Questions may arise about how the waiver process will be administered and whether it is equitable among all qualifying veterans and businesses. Furthermore, there could be discussions about the long-term sustainability of such waivers, particularly concerning revenue implications for local governments that rely on these fees as part of their budgets.