An effort to give Missouri the lowest business filing fees in the nation has passed the Missouri House.
House Bill 513 would lower Missouri’s filing fees to $5, making it cheaper to form a business here than anywhere else in the country.
“It’s a great bill. Let’s make Missouri the lowest business filing fee state in the nation,” said bill sponsor Rep. John McCaherty, a Republican from High Ridge.
The House voted 135-10 in favor of the bill. It now moves to the Senate. Senate Bill 157, sponsored by Sen. Wayne Wallingford, a Republican from Cape Girardeau, has similar language and has been passed out of a Senate committee. It awaits debate on the Senate floor.
The Secretary of State’s office collects business filing fees. Missouri Secretary of State Jason Kander said he supports the fee reduction.
“It would save Missouri businesses about $6 million a year,” Secretary Kander said. “Small business owners should spend the least amount of time possible worrying about fees and forms, and instead focus on expanding their businesses and growing jobs in their local communities.”
For more information, contact Tracy King, vice president of governmental affairs, at email@example.com or by phone at 573-634-3511.