SB317 Summary

• Waives all filing fees and registration fees for the Secretary of State and Attorney General for formation of veteran-owned businesses, defined as entities at least 51 percent owned and controlled by an Alabama resident veteran.

• Waives occupational license fees collected by counties and municipalities for veteran-owned businesses, excluding professional licenses issued by the state.

• Fee waivers apply only to businesses established on or after January 1, 2019, and expire after a maximum of two years from the initial formation or start-up date.

• Requires veterans to provide proof of veteran status using one of three documents: Federal DD-214 form, Veterans Health Identification Card, or state driver's identification card with veteran's designation.

• Directs the Secretary of State and Attorney General to adopt antifraud rules and submit annual reports to legislative committees detailing the total number of waivers and exemptions granted to new veteran-owned businesses.