SB 203 Summary

• Increases the annual business license fee from $50 to $100 per year, effective October 1, 2024.
• Increases the reduced fee for sole proprietorships from $25 to $50 per year, while maintaining eligibility for proprietors age 65 or older or disabled veterans.
• Increases the business license endorsement fee from $100 to $200 for both initial issuance and renewal.
• Requires the department to provide notice of applicable penalties to persons receiving the endorsement.