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TX HB346
Bill
Status
6/12/2025
Primary Sponsor
Caroline Harris Davila
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AI Summary
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Removes statutory caps on fees the Secretary of State can charge for expedited handling of certified record searches and filings in security interest/financing statement records (previously capped at $15) and for expedited filing/reviewing of business entity documents (previously capped at $25), allowing the Secretary to set fee amounts at their discretion
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Authorizes the Secretary of State to establish varying fee schedules based on the type of business organization and requires publication of all fee amounts on the Secretary's website
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Repeals provisions from S.B. 938 (87th Legislature, 2021) that were scheduled to take effect January 1, 2026, which would have amended franchise tax definitions and exemptions related to veteran-owned businesses
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Preserves existing franchise tax exemptions and filing fee waivers for veteran-owned businesses by blocking the scheduled 2026 repeal of those provisions in the Business Organizations Code and Tax Code
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Takes effect September 1, 2025
Legislative Description
Relating to the fee amounts prescribed by the secretary of state for expedited commercial and business record searches or filings and the exemption from the franchise tax and certain filing fees for veteran-owned businesses.
COMPTROLLER OF PUBLIC ACCOUNTS
Last Action
Effective on 9/1/25
6/12/2025