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MI HB4995

Bill

Official Source

Status

Passed

10/3/2023

Primary Sponsor

Phil Skaggs

Click for details

Origin

House of Representatives

102nd Legislature

AI Summary

  • Reduces the annual statement of resident agent and registered office fee from $25.00 to $15.00, effective October 1, 2027
  • Maintains the current fee of $25.00 through September 30, 2027 before the reduction takes effect
  • Establishes a fee waiver for initial articles of organization if a majority of membership interests are held by veterans, requiring submission of signed affidavit and DD214 or DD215 forms
  • Extends fee waiver eligibility to any filing fee for domestic or foreign limited liability companies where a majority of membership interests are held by veterans, with proof required
  • Effective immediately upon approval on September 29, 2023

Legislative Description

Businesses: limited liability companies; annual statement fees under the Michigan limited liability company act; modify. Amends sec. 1101 of 1993 PA 23 (MCL 450.5101).

State agencies (existing): licensing and regulatory affairs

Last Action

Assigned Pa 133'23 With Immediate Effect

10/3/2023

Committee Referrals

Appropriations9/14/2023

Full Bill Text

No bill text available