88R14389 MLH-D
By: Harris of Williamson H.B. No. 4938
A BILL TO BE ENTITLED
AN ACT
relating to certain fees for newly formed businesses.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 405, Government Code, is
amended by adding Section 405.025 to read as follows:
Sec. 405.025. ELIMINATION OF FIRST YEAR BUSINESS ENTITY
FEES. The secretary of state shall, in coordination with
appropriate state and local governmental entities, work to
eliminate all fees relating to licensing and registration required
to be paid by a business entity in the entity's first year of
business, to the extent authorized by law.
SECTION 2. This Act takes effect September 1, 2023.