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IL HB0171

Bill

Official Source

Status

Introduced

1/14/2015

Primary Sponsor

David Welter

Click for details

Origin

House of Representatives

99th General Assembly

AI Summary

  • Amends the Limited Liability Company Act to require the Secretary of State to reduce all fees by 50% for domestic or foreign limited liability companies where a majority of membership interests are held by one or more honorably discharged veterans of the U.S. armed forces.

  • Requires the limited liability company to provide proof satisfactory to the Secretary of State that the membership interests are held by qualified veterans.

  • Directs the Secretary of State to adopt rules necessary to implement the veteran fee reduction provision.

Legislative Description

LLC-REDUCED FEES-VETERANS

Last Action

Chief Sponsor Changed to Rep. David A. Welter

9/2/2016

Committee Referrals

Rules3/27/2015
Sales and Other Taxes2/20/2015
Revenue & Finance2/3/2015
Rules1/14/2015

Full Bill Text

No bill text available