No. HB 1511
Filed under Taxes & Budget.
Corporations; Recommends that Supreme Court create statewide business court; reducing filing fee for certain documents; requires refund of certain paid taxes in specified tax year.
Plain English Summary
AI-GENERATEDThe state will refund all taxes paid by a company in its first taxable year during its third year.
The filing fee for articles of incorporation drops from $35 to $0.99.
The Legislature recommends the Supreme Court create a statewide business court to resolve business disputes.
AIAdds a non-binding legislative recommendation to the Supreme Court to establish a statewide business court.
AIReduces the filing fee for articles of incorporation from $35 to $0.99.
AIRequires the refund of any tax paid by a company in its first taxable year during its third taxable year.