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HB 5180

AN ACT REDUCING THE FILING FEE FOR ANNUAL REPORTS FILED BY LIMITED PARTNERSHIPS, LIMITED LIABILITY COMPANIES AND LIMITED LIABILITY PARTNERSHIPS.

2025 Regular Session Introduced by Seth Bronko

Connecticut bill reduces annual filing fees for limited partnerships, LLCs, and LLPs to lower business compliance costs.

REF. TO JOINT COMM. ON Judiciary
#corporateannualreports #corporatefilingfees #limitedliabilitycompanies #limitedliabilitypartnerships #limitedpartnershipsandscorporationstax
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Bill Summary · HB 5180

Legislative bill overview

HB 5180 proposes to reduce the filing fees that limited partnerships, limited liability companies, and limited liability partnerships must pay when submitting their annual reports to the state of Connecticut. The bill does not specify the exact amount of the fee reduction, but targets administrative costs for business entities that file regularly with the state.

Why is this important

Annual report filing fees are recurring costs that directly affect small and mid-sized business operations and their bottom lines. Reducing these fees could lower compliance costs for thousands of Connecticut businesses, potentially encouraging business formation and retention in the state, though the fiscal impact depends on the magnitude of the reduction and resulting revenue loss to the state.

Potential points of contention

  • State revenue impact: Reducing filing fees decreases state revenue without identified funding sources or offsets, which may affect state services or require alternative revenue measures
  • Equity concerns: Fee reductions benefit all entities equally regardless of size, meaning large corporations receive the same benefit as struggling small businesses
  • Administrative costs: The state must clarify whether the reduced fees adequately cover the actual administrative costs of processing and maintaining business filings and records

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

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