Supplement: AL SB110 | 2021 | Regular Session | SB110 for Governmental Affairs
For additional supplements on Alabama SB110 please see the Bill Drafting List
Bill Title: Business entities, Sec. of State authorized to waive the Certificate of Existence fee for business entities under certain conditions, Sec. 10A-1-4.31 am'd.
Status: 2021-05-04 - Indefinitely Postponed [SB110 Detail]
Download: Alabama-2021-SB110-SB110_for_Governmental_Affairs.html
Bill Title: Business entities, Sec. of State authorized to waive the Certificate of Existence fee for business entities under certain conditions, Sec. 10A-1-4.31 am'd.
Status: 2021-05-04 - Indefinitely Postponed [SB110 Detail]
Download: Alabama-2021-SB110-SB110_for_Governmental_Affairs.html
| Committee: Governmental Affairs | Sponsor: Gudger |
| Analyst: John Friedenreich | Date: 02/05/2021 |
FISCAL NOTE
Senate Bill 110 as introduced could reduce receipts to the State General Fund and the Secretary of State Entity Fund by $17.50 and $7.50, respectively, for each certificate of existence fee the Secretary of State elects to waive.
According to Secretary of State, the average annual distributions from these fees are estimated to be $265,000 to the State General Fund and $114,000 to the Secretary of State Entity Fund.
| Jimmy Holley, Chairperson Governmental Affairs |
