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MO HB3084

MO HB3084
Establishes the Small Business Start-up Fee Reduction Act


summary

Introduced
01/22/2026
In Committee
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Establishes the Small Business Start-up Fee Reduction Act

AI Summary

This bill, known as the Small Business Start-up Fee Reduction Act, aims to ease the financial burden on new, small businesses in Missouri by reducing or waiving certain fees during their initial 24 months of operation, referred to as the "start-up period." An "eligible business" is defined as a "micro-business," meaning a business with three or fewer employees excluding the owner, that is based in Missouri. The fees that may be reduced or waived include those for forming a limited liability company, business name registration, state vendor certification, and annual reporting or registration. The Department of Economic Development will work with the Secretary of State to create a fee reduction schedule, which will be updated annually and published online, with waivers and reductions subject to available state funding. The bill also mandates that the Department of Economic Development partner with other organizations to offer voluntary support services like business planning and financial literacy training to eligible businesses, and requires the Department to report annually to the General Assembly on the program's impact, including the number of businesses receiving benefits and the cost to the state.

Sponsors (2)

Last Action

Read Second Time (H) (on 01/27/2026)

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