The proposed bill, General Assembly Proposed Bill No. 6172, aims to amend title 34 of the general statutes by reducing the filing fee for annual reports submitted by certain business entities to the Office of the Secretary of the State. Specifically, the bill seeks to lower the current fee from eighty dollars per year to forty dollars per year.

The primary purpose of this legislation is to provide financial relief to small businesses by decreasing the cost associated with filing their annual business reports. This reduction in fees is intended to support the sustainability and growth of small enterprises within the state.