| 1 | 1 | | CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Senate Bill No. 1318Introduced by Senator MelendezFebruary 18, 2022 An act to add and repeal Section 12185.5 of the Government Code, relating to business fees. LEGISLATIVE COUNSEL'S DIGESTSB 1318, as introduced, Melendez. Secretary of State: new businesses: filing fees.Existing law imposes various filing fees upon the formation of a new business in California, including for a corporation, limited liability company, or limited partnership. Existing law requires the Secretary of State to collect certain business fees. Under existing law, all fees collected by the Secretary of States office pursuant to various codes, including, among others, the Business and Professions Code and the Corporations Code, are paid into the Secretary of States Business Fees Fund. Moneys deposited into that fund are to be used to support the programs from which those fees are collected, upon appropriation in the annual Budget Act, as prescribed.This bill, beginning January 1, 2023, and until January 1, 2024, would require the Secretary of State to waive the filing fees for the formation of a new business entity in California, as described, on a one-time basis, in order to encourage business growth in California. The bill would repeal these provisions on July 1, 2024.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 12185.5 is added to the Government Code, to read:12185.5. (a) Beginning January 1, 2023, and on or before January 1, 2024, the Secretary of State shall waive the filing fees for the formation of a new business in California on a one-time basis.(b) This section applies to formation of a business entity described in the Corporations Code, and includes, but is not limited to, a corporation, limited liability company, or limited partnership.(c) The purpose of this section is to encourage business growth in California. (d) This section shall remain in effect only until July 1, 2024, and as of that date is repealed. |
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| 3 | 3 | | CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Senate Bill No. 1318Introduced by Senator MelendezFebruary 18, 2022 An act to add and repeal Section 12185.5 of the Government Code, relating to business fees. LEGISLATIVE COUNSEL'S DIGESTSB 1318, as introduced, Melendez. Secretary of State: new businesses: filing fees.Existing law imposes various filing fees upon the formation of a new business in California, including for a corporation, limited liability company, or limited partnership. Existing law requires the Secretary of State to collect certain business fees. Under existing law, all fees collected by the Secretary of States office pursuant to various codes, including, among others, the Business and Professions Code and the Corporations Code, are paid into the Secretary of States Business Fees Fund. Moneys deposited into that fund are to be used to support the programs from which those fees are collected, upon appropriation in the annual Budget Act, as prescribed.This bill, beginning January 1, 2023, and until January 1, 2024, would require the Secretary of State to waive the filing fees for the formation of a new business entity in California, as described, on a one-time basis, in order to encourage business growth in California. The bill would repeal these provisions on July 1, 2024.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO |
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| 9 | 9 | | CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION |
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| 11 | 11 | | Senate Bill |
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| 13 | 13 | | No. 1318 |
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| 15 | 15 | | Introduced by Senator MelendezFebruary 18, 2022 |
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| 17 | 17 | | Introduced by Senator Melendez |
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| 18 | 18 | | February 18, 2022 |
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| 20 | 20 | | An act to add and repeal Section 12185.5 of the Government Code, relating to business fees. |
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| 22 | 22 | | LEGISLATIVE COUNSEL'S DIGEST |
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| 24 | 24 | | ## LEGISLATIVE COUNSEL'S DIGEST |
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| 26 | 26 | | SB 1318, as introduced, Melendez. Secretary of State: new businesses: filing fees. |
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| 28 | 28 | | Existing law imposes various filing fees upon the formation of a new business in California, including for a corporation, limited liability company, or limited partnership. Existing law requires the Secretary of State to collect certain business fees. Under existing law, all fees collected by the Secretary of States office pursuant to various codes, including, among others, the Business and Professions Code and the Corporations Code, are paid into the Secretary of States Business Fees Fund. Moneys deposited into that fund are to be used to support the programs from which those fees are collected, upon appropriation in the annual Budget Act, as prescribed.This bill, beginning January 1, 2023, and until January 1, 2024, would require the Secretary of State to waive the filing fees for the formation of a new business entity in California, as described, on a one-time basis, in order to encourage business growth in California. The bill would repeal these provisions on July 1, 2024. |
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| 30 | 30 | | Existing law imposes various filing fees upon the formation of a new business in California, including for a corporation, limited liability company, or limited partnership. Existing law requires the Secretary of State to collect certain business fees. Under existing law, all fees collected by the Secretary of States office pursuant to various codes, including, among others, the Business and Professions Code and the Corporations Code, are paid into the Secretary of States Business Fees Fund. Moneys deposited into that fund are to be used to support the programs from which those fees are collected, upon appropriation in the annual Budget Act, as prescribed. |
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| 32 | 32 | | This bill, beginning January 1, 2023, and until January 1, 2024, would require the Secretary of State to waive the filing fees for the formation of a new business entity in California, as described, on a one-time basis, in order to encourage business growth in California. The bill would repeal these provisions on July 1, 2024. |
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| 34 | 34 | | ## Digest Key |
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| 36 | 36 | | ## Bill Text |
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| 38 | 38 | | The people of the State of California do enact as follows:SECTION 1. Section 12185.5 is added to the Government Code, to read:12185.5. (a) Beginning January 1, 2023, and on or before January 1, 2024, the Secretary of State shall waive the filing fees for the formation of a new business in California on a one-time basis.(b) This section applies to formation of a business entity described in the Corporations Code, and includes, but is not limited to, a corporation, limited liability company, or limited partnership.(c) The purpose of this section is to encourage business growth in California. (d) This section shall remain in effect only until July 1, 2024, and as of that date is repealed. |
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| 40 | 40 | | The people of the State of California do enact as follows: |
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| 42 | 42 | | ## The people of the State of California do enact as follows: |
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| 44 | 44 | | SECTION 1. Section 12185.5 is added to the Government Code, to read:12185.5. (a) Beginning January 1, 2023, and on or before January 1, 2024, the Secretary of State shall waive the filing fees for the formation of a new business in California on a one-time basis.(b) This section applies to formation of a business entity described in the Corporations Code, and includes, but is not limited to, a corporation, limited liability company, or limited partnership.(c) The purpose of this section is to encourage business growth in California. (d) This section shall remain in effect only until July 1, 2024, and as of that date is repealed. |
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| 46 | 46 | | SECTION 1. Section 12185.5 is added to the Government Code, to read: |
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| 48 | 48 | | ### SECTION 1. |
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| 50 | 50 | | 12185.5. (a) Beginning January 1, 2023, and on or before January 1, 2024, the Secretary of State shall waive the filing fees for the formation of a new business in California on a one-time basis.(b) This section applies to formation of a business entity described in the Corporations Code, and includes, but is not limited to, a corporation, limited liability company, or limited partnership.(c) The purpose of this section is to encourage business growth in California. (d) This section shall remain in effect only until July 1, 2024, and as of that date is repealed. |
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| 52 | 52 | | 12185.5. (a) Beginning January 1, 2023, and on or before January 1, 2024, the Secretary of State shall waive the filing fees for the formation of a new business in California on a one-time basis.(b) This section applies to formation of a business entity described in the Corporations Code, and includes, but is not limited to, a corporation, limited liability company, or limited partnership.(c) The purpose of this section is to encourage business growth in California. (d) This section shall remain in effect only until July 1, 2024, and as of that date is repealed. |
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| 54 | 54 | | 12185.5. (a) Beginning January 1, 2023, and on or before January 1, 2024, the Secretary of State shall waive the filing fees for the formation of a new business in California on a one-time basis.(b) This section applies to formation of a business entity described in the Corporations Code, and includes, but is not limited to, a corporation, limited liability company, or limited partnership.(c) The purpose of this section is to encourage business growth in California. (d) This section shall remain in effect only until July 1, 2024, and as of that date is repealed. |
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| 58 | 58 | | 12185.5. (a) Beginning January 1, 2023, and on or before January 1, 2024, the Secretary of State shall waive the filing fees for the formation of a new business in California on a one-time basis. |
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| 60 | 60 | | (b) This section applies to formation of a business entity described in the Corporations Code, and includes, but is not limited to, a corporation, limited liability company, or limited partnership. |
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| 62 | 62 | | (c) The purpose of this section is to encourage business growth in California. |
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| 64 | 64 | | (d) This section shall remain in effect only until July 1, 2024, and as of that date is repealed. |
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