Plain English Breakdown
The official source material does not specify which specific fees will be reduced or by how much, nor does it provide details about the timing for when this act might become law after passing the legislature.
Act Reducing Fees for Small Business Filings
This act reduces filing fees for small businesses when they file documents with the Secretary of the State.
What This Bill Does
- Reduces fees that small businesses pay to file certain paperwork with the Secretary of the State.
Who It Names or Affects
- Small business owners who need to file documents with the Secretary of the State.
Terms To Know
- Secretary of the State
- The official in charge of keeping records for businesses and other organizations in a state.
Limits and Unknowns
- Does not specify exactly which fees will be reduced or by how much.
- It is unclear when this act will become law after passing the legislature.