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Trade Council urges Senate to pass HB 24-13 changing registrar of corporations fees

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Summary

A Trade Council representative urged the Senate to add HB 24‑13 to the calendar and vote for immediate passage. The bill would amend the fee structure for the Office of the Registrar of Corporations and remove daily penalty fees, the commenter said.

Ben Armani, speaking for the Trade Council during public comment at the Senate's Aug. 7 session, urged the Senate to approve HB 24-13 to amend the fee structure for the Office of the Registrar of Corporations and to remove daily penalty fees.

Armani said HB 24-13 had already received committee consideration and unanimous passage in the House, and that prompt Senate action would signal to potential businesses that the Commonwealth is taking steps to make formation and licensing more business-friendly. He said the Trade Council believes lowering barriers to business formation will help diversify the local economy and increase tax revenue to address the government's budget shortfall.

Armani asked the Senate to add HB 24-13 to the calendar for action that day and to vote in favor of immediate passage. A copy of his written comments was requested for the sergeant-at-arms.

There was no recorded Senate action on HB 24-13 in the transcript beyond the public comment request to place it on the calendar.