SB 106 – Waives Secretary of State fees for new businesses and requires business licenses to be issued within sixty days

• Sponsor: Kraus
• LR Number: 0213S.01I
• Committee: Small Business, Insurance and Industry
• Last Action: 1/22/2015 - Second Read and Referred S Small Business, Insurance and Industry Committee
• Journal Page: S172
• Effective Date: August 28, 2015

Current Bill Summary

SB 106 - All fees that new businesses are required to pay the Secretary of State to begin operating shall be waived for the first year of operation as long as the new business employs at least 10 employees.

Political subdivisions shall not take more than 60 days to issue business permits, licenses, or other certification required for businesses to begin operating. If at the end of that period, the political subdivision determines that the business has not adhered to the requirements for the respective issuance, the political subdivision shall notify the applying entity in writing explaining the deficiency.

This act is identical to SB 93 (2011).

SCOTT SVAGERA