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Legislature hears proposal to align Maryland Form D filing fee with neighboring states
Summary
HB917 would reduce the fee for Form D exemption filings from $100 to $2.50 to align Maryland with nearby states; sponsor said the change is a technical fee alignment recommended by the Maryland State Bar Association and would have minimal fiscal impact.
Delegate Marla Amprey presented House Bill 917 to adjust the filing fee for securities Form D exemption filings in Maryland from $100 to $2.50, aligning the state with neighboring jurisdictions.
Sponsor explanation: The change was requested by the Maryland State Bar Association Business Law Section and is intended to harmonize fee structure with surrounding states; Delegate Ampre told the committee that the amendment was technical and would have no material effect on business decisions.
Fiscal note and implementation: The sponsor said the fiscal note shows the change produces modest additional revenue relative to the current fee structure. The bill was amended earlier in drafting to remove other fee changes the Bar Section had initially requested; the current text reflects the Bar Section’s preferred language.
Ending: The bill drew no substantive opposition in the hearing excerpt and the sponsor asked for a favorable report; no formal committee vote is recorded in the provided transcript.
