Plain English Breakdown
The bill has passed both chambers but was referred to a committee; final enactment status depends on further action not shown in the source.
HB05023: Reducing Fees for Small Business Filings
This bill changes state laws to lower the costs that small businesses pay when they file documents with the Secretary of State.
What This Bill Does
- Amends Title 34 of the General Statutes regarding filing fees.
- Reduces fees for filings by small businesses submitted to the Secretary of the State.
Who It Names or Affects
- Small businesses that file documents with the Secretary of the State.
Limits and Unknowns
- The text does not list the exact dollar amounts for the new or old fees.
- The bill does not define exactly what counts as a 'small business' in this context.
- No effective date is provided in the source material.