Date Requested: February 09, 2016
Time Requested: 04:09 PM
Agency: Secretary of State
CBD Number: Version: Bill Number: Resolution Number:
1943 Introduced HB4319
CBD Subject: Military and Veterans



Sources of Revenue:

Special Fund

Legislation creates:

A New Program

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

The change in legislation would exempt National Guard and Reserve members from paying the initial filling fee of $100 for a new business and the $25 annual filing fee for the next four years.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 -76,222 -152,444

Explanation of above estimates (including long-range effect):

The current number of Guard and Reserve member in the state is 8,863, we calculated the percentage of veterans filing for a new business is 8.6%. The reduction in revenue will increase for the first five years and then level off in year six at $152,444. The year reductions are listed below. 2017 $ 76,222 2018 $ 95,277 2019 $114,333 2020 $138,388 2021 $152,444


The estimate assumes all Guard and Reserve members will take advantage of the exemption from filing fees in the first five years of the business and the business will stay in business for at least five years.

    Person submitting Fiscal Note: John Sandoro
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