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Bill > HB4997
MI HB4997
MI HB4997Businesses: business corporations; annual report fees under the business corporation act; modify. Amends sec. 1060 of 1972 PA 284 (MCL 450.2060).
summary
Introduced
09/14/2023
09/14/2023
In Committee
09/26/2023
09/26/2023
Crossed Over
09/20/2023
09/20/2023
Passed
09/27/2023
09/27/2023
Dead
Signed/Enacted/Adopted
10/03/2023
10/03/2023
Introduced Session
102nd Legislature
Bill Summary
AN ACT to amend 1972 PA 284, entitled ?An act to provide for the organization and regulation of corporations; to prescribe their duties, rights, powers, immunities and liabilities; to provide for the authorization of foreign corporations within this state; to prescribe the functions of the administrator of this act; to prescribe penalties for violations of this act; and to repeal certain acts and parts of acts,? by amending section 1060 (MCL 450.2060), as amended by 2019 PA 68.
AI Summary
This bill amends Section 1060 of the Michigan Business Corporation Act (MCL 450.2060) to modify the annual report fees for businesses. Specifically, it changes the fee for filing the annual report from $25.00 to $15.00 if paid after September 30, 2027, while maintaining the $25.00 fee before that date. The bill also includes provisions related to the administration and collection of these fees, such as allowing the administrator to accept credit card payments and waiving the fees for corporations where a majority of the shares are held by honorably discharged veterans of the U.S. Armed Forces.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Assigned Pa 135'23 With Immediate Effect (on 10/03/2023)
Official Document
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