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IL HB3514

Bill

Status

Passed

8/18/2017

Primary Sponsor

Peter Breen

Click for details

Origin

House of Representatives

100th General Assembly

AI Summary

  • Electronic filing with the Secretary of State's Office should not be charged extra fees beyond standard filing rates, to encourage paperless submissions.

  • Creates supplemental deposits into the Department of Business Services Special Operations Fund: up to $25 per electronic transaction for nonprofits under the General Not For Profit Corporation Act of 1986, and up to $50 per electronic transaction for business filings (Business Corporation Act, Limited Liability Company Act, or Uniform Limited Partnership Act).

  • Total annual deposits into the Special Operations Fund from electronic submissions cannot exceed $11,326,225; any amount collected above this cap goes to the General Revenue Fund.

  • Clarifies that electronic filings cannot be charged expedited service fees solely because they were submitted electronically unless expedited service is explicitly requested by the filer.

  • These supplemental deposit provisions expire on July 1, 2021.

Legislative Description

BUSINESS ELECTRONIC FILINGS

Last Action

Public Act . . . . . . . . . 100-0186

8/18/2017

Committee Referrals

State Government5/5/2017
Assignments5/2/2017
State Government Administration2/22/2017
Rules2/10/2017

Full Bill Text

No bill text available