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Committee reviews fee increases in House Bill 400, including LLC annual fee hike
Summary
Senate members reviewed House Bill 400, which updates long-unchanged Department of State fees and raises certain LLC filing fees to $400; members questioned whether the increases matched the Department's request and staff reported no public comment before circulating the bill.
Senator Brian Townsend presented House Bill 400 as part of broader budget-mitigation measures tied to projected revenue shortfalls, saying the measure updates a range of Department of State fees that in many cases have not been adjusted for decades. He told the committee the bill affects filings including bank or trust company…
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