Connecticut 2013 Regular Session

Connecticut Senate Bill SB00618

Introduced
1/24/13  

Caption

An Act Concerning Filing Fees For Electronic Filing By Limited Liability Companies And Limited Partnerships.

Impact

The elimination of the filing fee is expected to reduce administrative costs for LLCs and LLPs, making it financially easier for these entities to comply with annual reporting requirements. This could lead to a higher rate of electronic filings among businesses, as they will no longer be burdened by the fee. Furthermore, it may enhance the overall efficiency of the filing system within the state, as electronic submissions are generally more manageable than paper filings, facilitating quicker processing times.

Summary

SB00618, introduced by Senator McKinney, aims to amend section 34-112 of the general statutes by eliminating the twenty-dollar annual filing fee for limited liability companies (LLCs) and limited partnerships (LLPs) that choose to file their annual reports electronically. The proposed legislation seeks to encourage the use of electronic filing by reducing the associated costs for businesses, thereby streamlining the compliance process and potentially increasing the efficiency of filings submitted to the Secretary of State's office.

Contention

While the bill may seem beneficial by easing financial burdens on businesses, there may be concerns regarding the potential loss of revenue for the state from the filing fees. Critics might argue that the state should not eliminate a source of revenue, especially if the funds were earmarked for specific administrative functions or consumer protections. Furthermore, there may be discussions around ensuring the integrity and security of electronic filings, as an increase in electronic submissions could expose the system to additional risks or challenges if not properly managed.

Companion Bills

No companion bills found.

Previously Filed As

CT SB00262

An Act Concerning Municipal Campaign Finance Filings.

CT HB05470

An Act Concerning Transportation Network Companies And Third-party Delivery Companies.

CT HB05043

An Act Reducing Fees For Small Business Filings With The Secretary Of The State.

CT SB00003

An Act Concerning Consumer Protection.

CT HB05089

An Act Concerning Funding For Fire Departments To Electronically Track Health Data.

CT SB00297

An Act Concerning Consumer Protection For Customers Of Solar Power Companies.

CT SB00404

An Act Concerning Affordability As A Factor In Premium Rate Filings For Individual And Group Health Insurance Policies.

CT SB00004

An Act Concerning Victims Of Domestic Violence, The Unsolicited Transmission Of Intimate Images By Means Of An Electronic Communication Device And The Impermissible Use Of Nondisclosure Agreements In The Workplace.

CT HB05301

An Act Concerning The Secretary Of The State's Recommendations For The Reduction Or Elimination Of Certain Fees.

CT SB00431

An Act Concerning Fees For Copying, Reviewing And Redacting Records Created By Police Body-worn Recording Equipment And Dashboard Cameras.

Similar Bills

No similar bills found.