Bill Text: CA SB1318 | 2021-2022 | Regular Session | Introduced
Bill Title: Secretary of State: new businesses: filing fees.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2022-03-22 - April 6 set for first hearing canceled at the request of author. [SB1318 Detail]
Download: California-2021-SB1318-Introduced.html
CALIFORNIA LEGISLATURE—
2021–2022 REGULAR SESSION
Senate Bill
No. 1318
| Introduced by Senator Melendez |
February 18, 2022 |
An act to add and repeal Section 12185.5 of the Government Code, relating to business fees.
LEGISLATIVE COUNSEL'S DIGEST
SB 1318, as introduced, Melendez.
Secretary of State: new businesses: filing fees.
Existing law imposes various filing fees upon the formation of a new business in California, including for a corporation, limited liability company, or limited partnership. Existing law requires the Secretary of State to collect certain business fees. Under existing law, all fees collected by the Secretary of State’s office pursuant to various codes, including, among others, the Business and Professions Code and the Corporations Code, are paid into the Secretary of State’s Business Fees Fund. Moneys deposited into that fund are to be used to support the programs from which those fees are collected, upon appropriation in the annual Budget Act, as prescribed.
This bill, beginning January 1, 2023, and until January 1, 2024, would require the Secretary of State to waive the filing fees for the formation of a new business entity in California, as
described, on a one-time basis, in order to encourage business growth in California. The bill would repeal these provisions on July 1, 2024.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 12185.5 is added to the Government Code, to read:12185.5.
(a) Beginning January 1, 2023, and on or before January 1, 2024, the Secretary of State shall waive the filing fees for the formation of a new business in California on a one-time basis.(b) This section applies to formation of a business entity described in the Corporations Code, and includes, but is not limited to, a corporation, limited liability company, or limited partnership.
(c) The purpose of this section is to encourage business growth in California.
(d) This section shall remain in effect only until July 1, 2024, and as of that date is repealed.
