HB 513 Modifies provisions relating to business filing fees

Current Bill Summary

- Prepared by Senate Research -

HCS/HB 513 - This act removes filing fees relating to the formation, registration, maintenance, termination, and dissolution of cooperative marketing companies, limited liability companies, corporations, nonprofit organizations, personal corporations, cooperative companies, partnerships, limited liability partnerships, limited partnerships, telephone and telegraph companies, and trademarks and fictitious names.

The act lowers the fee for the Secretary of State to make a preclearance examination and report regarding a document from fifty dollars to twenty dollars. The fee for furnishing a certificate to corporations is also lowered from twenty dollars to five dollars.

The act permits the Secretary of State to collect a fee of five dollars for each fee required for certain limited liability companies, nonprofit corporations, professional corporations, partnerships, limited partnerships, and other general business corporations as of August 28, 2015. The Secretary of State is required to publish a schedule of fees required as of August 28, 2015. The act further requires that such fees shall be deposited into the state treasury and credited to the Secretary of State's Technology Trust Fund account. Moreover, the act extends the sunset for certain fees to be deposited into the Technology Trust Fund to December 31, 2021.

This act is substantially similar to SCS/SB 157 (2015) and provisions contained within HCS/SB 148 (2015).


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