Corporations and limited liability companies; reduced fees for new business entities.

Business entity fees for new entities. Reducesby 50 percent the amount of any registration fee, filing fee, charterfee, entrance fee, or annual registration fee required under Title13.1 (Corporations) or Title 50 (Partnerships) to be assessed, charged,or collected by the clerk of the State Corporation Commission ifthe fee pertains to the filing of a document or instrument by oron behalf of a domestic corporation, limited liability company, businesstrust, partnership, or limited partnership that is formed on or afterJanuary 1, 2021, and is in existence for a period not exceeding 24months. The measure has a delayed effective date of January 1, 2021,and directs the Commission to adopt implementing regulations by thatdate.