Texas HB346 aims to support new businesses by eliminating first-year fees, increasing state contract access, and allocating economic development.
The Texas HB346 bill seeks to support new businesses by eliminating fees for licensing and registration in their first year, encouraging state agencies to award at least five percent of contracts to new businesses, and urging economic development programs to allocate funds to support new businesses. The bill also mandates annual reports on economic development and workforce development funding, focusing on new businesses. It takes effect September 1, 2025.
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