Introduced
by
To replace a number of fixed fees on various corporate filings required under law with new fees to be determined by the legislature in annual budget bills. Under the bill, corporations would not know how much the filing fees would be until an annual appropriations bill was passed with the new amounts. Fees could potentially vary by a considerable amount as the legislature seeks to use fee revenue to pay for state spending. This bill is one of many authorizing fee increases totaling some $125.5 million which Gov. Jennifer Granholm proposed to close a gap between state spending and expected revenue in the Fiscal Year 2003-2004 budget.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one which contains specific fee increases.
The substitute passed by voice vote
Passed in the Senate 35 to 3 (details)
To increase the annual report fee required of all domestic and foreign corporations registered in Michigan from $15 to $25. The bill would impose approximately $2.5 million in additional costs on corporations, which would replace general fund support for basic operations at the Department of Consumer and Industry Services and the Bureau of Workers’ and Unemployment Compensation. This bill is one of many authorizing fee increases totaling some $125.5 million which Gov. Jennifer Granholm proposed to close a gap between state spending and expected revenue in the Fiscal Year 2003-2004 budget.
Referred to the Committee on Appropriations
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 71 to 37 (details)
To increase the annual report fee required of all domestic and foreign corporations registered in Michigan from $15 to $25. The bill would impose approximately $2.5 million in additional costs on corporations, which would replace general fund support for basic operations at the Department of Consumer and Industry Services and the Bureau of Workers’ and Unemployment Compensation. This bill is one of many authorizing fee increases totaling some $125.5 million which Gov. Jennifer Granholm proposed to close a gap between state spending and expected revenue in the Fiscal Year 2003-2004 budget.
