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Committee approves Secretary of State plan to bring franchise-tax processing in-house and codify online convenience fee
Summary
Senate Bill 207, carried by Senator Johnson and presented by the Secretary of State—s office, would transition franchise-tax processing from a third-party vendor to an in-house system and codify an online convenience/processing fee. The committee approved the bill after questions about fee structure, fiscal impact, and making forfeited names available sooner.
Senate Bill 207, introduced and explained by Senator Johnson and Sid Rosenbaum of the Secretary of State—s office, passed the Senate Revenue & Tax Committee by voice vote. The bill would move franchise-tax processing currently handled by a third-party vendor into the Secretary of State—s office and codify the convenience or processing fee that online filers pay.
Sid Rosenbaum, director of business and commercial services for the Secretary of State, explained the current arrangement: since 2009 an outside vendor has processed…
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