Section 171.0005 - [Repealed Effective 1/1/2026] Definition Of New Veteran-Owned Business(a) A taxable entity is a new veteran-owned business only if the taxable entity is a new business in which each owner is a natural person who: (1) served in and was honorably discharged from a branch of the United States armed forces; and (2) provides verification to the comptroller of the person's service and discharge required by Subdivision (1). (b) The Texas Veterans Commission shall provide to a person who meets the requirements of Subsection (a)(1) written verification of that status in a form required by the comptroller. The comptroller shall adopt rules prescribing the form and content of the verification and the manner in which the verification may be provided to the comptroller. (c) For purposes of Subsection (a), a new business is a taxable entity that: (1) is chartered or organized or otherwise formed in this state; and (2) first begins doing business in this state on or after January 1, 2022. Repealed by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 859,Sec. 9, eff. 1/1/2026.Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 859,Sec. 4, eff. 1/1/2022.The changes in law made by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 859 that take effect January 1, 2026, do not apply to a business that first qualifies before that date as a new veteran-owned business as defined by Section 171.0005, Tax Code, as that section exists immediately before that date. A business that first qualifies before January 1, 2026, as a new veteran-owned business is governed by the law in effect immediately before that date, and that law is continued in effect for that purpose.