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Bill > HB917


MD HB917

MD HB917
Corporations and Associations - Maryland Securities Act - Filing Fees


summary

Introduced
01/31/2025
In Committee
03/12/2025
Crossed Over
03/11/2025
Passed
Dead
04/08/2025

Introduced Session

2025 Regular Session

Bill Summary

Increasing, from $100 to $250, the fee that a person required to submit a filing in accordance with a certain exemption is required to pay; and increasing, from $100 to $250, the fee that a person required to submit a notice of offer or sale of certain federal covered securities is required to pay.

AI Summary

This bill amends the Maryland Securities Act to increase various filing fees for securities-related transactions. Specifically, the bill raises the fee for filings under a specific exemption from $100 to $250, increases the fee for initial notices of federal covered securities offers from $100 to $250, and introduces a new $300 fee for each amended filing of federal covered securities. The bill maintains the existing requirement that persons registering securities pay a fee of 0.1 percent of the maximum aggregate offering price, with a minimum of $500 and a maximum of $1,500. These changes are designed to update the fee structure for securities filings in Maryland, potentially generating more revenue for the state's regulatory oversight of securities transactions. The bill is set to take effect on October 1, 2025, giving businesses and regulators time to prepare for the new fee schedule.

Committee Categories

Business and Industry, Justice

Sponsors (1)

Last Action

Senate Judicial Proceedings Hearing (13:00:00 3/27/2025 ) (on 03/27/2025)

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