AN ACT DECREASING THE FILING FEE FOR ANNUAL REPORTS FILED BY CERTAIN BUSINESS ENTITIES WITH THE SECRETARY OF THE STATE.

HB 5777 reduces the annual filing fee for certain business entities from $80 to $25 when submitting reports to the Secretary of the State. It directly affects businesses required to file annual reports under statutes 34-38n, 34-243u, and 34-413. The bill lowers costs for these businesses by modifying the fee structure in those specific sections. The stated purpose is to decrease operational expenses for qualifying entities doing business in the state.