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, thereby providing financial relief to small businesses.

The intent of this legislation is to assist small businesses by decreasing their annual reporting costs, which can be a burden for many. By halving the filing fee, the bill aims to promote a more favorable business environment and support the growth and sustainability of small enterprises within the state.