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Committee adopts bill to remove daily penalties, incentivize online services for business filings
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Summary
The House commerce committee adopted House Bill 24-13 to amend the fee structure for the office of the register of corporations, removing daily penalty fees and creating incentives for online filings to streamline services for businesses.
The House Committee on Commerce voted to adopt House Bill 24-13 to amend the fee structure for the office of the register of corporations in the Department of Commerce, removing daily penalty fees and encouraging online services.
Representative Ata, who spoke in support of the bill, said the measure "get[s] rid of those daily penalty fees that were affecting a lot of, businesses, especially during the pandemic and, up to now." He also described an incentive intended to encourage the register's office to offer services online; he said a prior law had raised some fees and that, at present, the office had a 25% reduction in certain fees because it did not provide online services.
After discussion, a motion to adopt House Bill 24-13 was made and seconded; the committee recorded that the motion carried and that the committee report should be produced so the bill can advance to the full House. The committee noted that four members were present when the motion passed.
The committee did not detail the fiscal impact in the recorded discussion; Representative Ata said the measure is intended to ease burdens on businesses and to provide an incentive for the register to modernize services. The committee directed that a committee report be prepared to accompany the bill to the full body.
