New, qualifying veteran-owned businesses formed on or after January 1, 2022, and before January 1, 2026, can qualify for special tax treatment in Texas. What is this treatment? The business is not subject to the franchise tax for its initial five-year period. O Sales and use tax are waived for the first 48 months. O For the first three years, corporate income tax is only imposed on gross sales over $2 million. O They are not subject to property tax until a profit is reported.

New, qualifying veteran-owned businesses formed on or after January 1, 2022, and before January 1, 2026, can qualify for special tax treatment in Texas. What is this treatment? The business is not subject to the franchise tax for its initial five-year period Sales and use tax are waived for the first 48 months For the first three years, corporate income tax is only imposed on gross sales over $2 million They are not subject to property tax until a profit is reported