2003 Senate Bill 359 / Public Act 81

Introduced in the Senate

April 2, 2003

Introduced by Sen. Gilda Jacobs (D-14)

To authorize an increase in fees paid by limited liability companies. This bill is one of many authorizing fee increases totaling some $125.5 million which Gov. Jennifer Granholm is proposing to close a gap between state spending and expected revenue in the Fiscal Year 2003-2004 budget.

Referred to the Committee on Appropriations

June 17, 2003

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

June 18, 2003

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 statement of resident agent and registered office fee for domestic, foreign, and professional limited liability companies from $15 to $25. 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.

Received in the House

June 18, 2003

Referred to the Committee on Appropriations

June 24, 2003

Reported without amendment

Without amendment and with the recommendation that the bill pass.

June 25, 2003

Passed in the House 62 to 41 (details)

To increase the annual statement of resident agent and registered office fee for domestic, foreign, and professional limited liability companies from $15 to $25. 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.

Signed by Gov. Jennifer Granholm

July 21, 2003