Tuesday, March 25, 2003

HB 753 Update

HB 753 has apparently been approved, but in a heavily amended form, by the Senate Budget & Taxation Committee. While business entity filing fees and yearly registration fees are still raised, the increases are not as radical as those in the version passed by the House. Furthermore, the provision imposing recordation and transfer tax on entity transfers has apparently been stricken.

I have not yet seen a copy of the bill as amended in the Senate, but I will post a more complete summary as soon as possible.

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