An Act Reducing Fees For Small Business Filings With The Secretary Of The State.
Summary
HB 5409 is a short bill that would amend Title 34 of the Connecticut General Statutes to reduce fees charged for small business filings with the Secretary of the State. The bill’s stated purpose is to lower the cost of filing for small businesses, but the text does not specify which particular filing fees would be reduced or by how much.
In practical terms, the proposal would affect the state’s business-entity filing system administered by the Secretary of the State, likely touching fees associated with forming, maintaining, or updating business registrations. Because the bill is drafted broadly, its exact fiscal and administrative effects would depend on the implementing changes made to the relevant statutes and fee schedules.
Impact
The bill would amend Title 34 of the Connecticut General Statutes, which governs business organizations, by authorizing reduced fees for small business filings with the Secretary of the State. This would directly affect businesses that file formation or maintenance documents with the state, as well as the Secretary of the State’s office, which would need to adjust its fee structure and potentially its administrative processes. The bill could also reduce state fee revenue, depending on the scope of the reductions adopted.
Sentiment
No committee transcript or recorded vote information is available, so there is no direct evidence of debate or opposition in the provided materials. Based on the bill text alone, the measure appears pro-small-business and likely intended to be supportive of entrepreneurs and business formation. The overall tone of the proposal is straightforward and favorable toward reducing regulatory costs.
Contention
The main point of potential contention is fiscal: reducing filing fees could lower revenue collected by the state, which may concern budget-focused lawmakers or administrators. Another possible issue is scope, since the bill does not identify which filings qualify as “small business filings” or how much the fees would be reduced, leaving implementation details unresolved. No specific opposing or supporting viewpoints are documented in the provided context.