Bill Text: WV SB365 | 2018 | Regular Session | Enrolled

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Bill Title: Relating to Young Entrepreneur Reinvestment Act

Spectrum: Bipartisan Bill

Status: (Passed) 2018-04-23 - Chapter 91, Acts, Regular Session, 2018 [SB365 Detail]

Download: West_Virginia-2018-SB365-Enrolled.html

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WEST virginia legislature

2018 regular session

Enrolled

Senate Bill 365

By Senators Weld, Ferns, Unger, Plymale, Baldwin, Cline, and Boso

[Passed March 7, 2018; in effect 90 days from passage]

AN ACT to amend and reenact §59-1-2c of the Code of West Virginia, 1931, as amended, relating to the Young Entrepreneur Reinvestment Act; and eliminating sunset date for expiration of fee waivers.

Be it enacted by the Legislature of West Virginia:

ARTICLE 1. FEES AND ALLOWANCES.

§59-1-2c. Young Entrepreneur Reinvestment Act; certain fees waived.

Beginning on July 1, 2016, a person who is under the age of 30 who resides within West Virginia is exempt from paying the fees provided in section two of this article for filing:

(1) Articles of incorporation of a domestic, for profit corporation, for which he or she is an incorporator;

(2) Articles of incorporation of a domestic, nonprofit corporation for which he or she is an incorporator;

(3) Articles of organization of a domestic limited liability company, for which he or she is a member;

(4) Agreement of a domestic general partnership, for which he or she is a partner; or

(5) Certificate of a domestic limited partnership, for which he or she is a partner.