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HB 6172

AN ACT REDUCING THE FILING FEE FOR ANNUAL REPORTS FILED BY CERTAIN BUSINESS ENTITIES WITH THE OFFICE OF THE SECRETARY OF THE STATE.

2025 Regular Session Introduced by Eleni DeGraw and 1 co-sponsor

Connecticut bill reduces annual business report filing fees for specified entities to lower recurring business compliance costs and potentially boost economic activity.

CHG. REF., SEN. TO COMM. ON Finance, Revenue and Bonding
#corporateannualreports #fees #secretaryofthestate #smallbusinesses
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Bill Summary · HB 6172

Legislative bill overview

HB 6172 reduces the annual filing fees that certain business entities must pay to Connecticut's Secretary of the State office when submitting their annual reports. The bill has been referred to the Finance, Revenue and Bonding Committee for review after initially being assigned to the Judiciary Committee.

Why is this important

Annual report filing fees represent a recurring cost burden for businesses, particularly small enterprises and startups. Reducing these fees could lower operational costs for Connecticut businesses and potentially incentivize business formation and retention in the state, though the fiscal impact depends on how many entities qualify and the size of the fee reduction.

Potential points of contention

  • Revenue impact: Lower filing fees reduce state revenue that funds the Secretary of the State's office; lawmakers must determine if this can be absorbed through budget adjustments or if services will be affected
  • Scope ambiguity: The bill's language specifies "certain business entities" but the specific criteria (by entity type, size, industry, etc.) is not detailed in the title, creating questions about who benefits
  • Equity concerns: If only particular business types receive fee reductions, this could create competitive advantages for favored entities while burdening others with unchanged fees

Compiled from official sources — confirm details with the bill’s official record.

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