Legislative Analysis
Phone: (517) 373-8080
CORPORATE FILING FEE SUNSET EXTENSIONS http://www.house.mi.gov/hfa
House Bill 4995 (H-2) Analysis available at
Sponsor: Rep. Phil Skaggs http://www.legislature.mi.gov
House Bill 4996 (H-2)
Sponsor: Rep. Phil Skaggs
House Bill 4997 (H-2)
Sponsor: Rep. Phil Skaggs
House Committee: Appropriations
Complete to 9-19-23
SUMMARY:
House Bills 4995, 4996, and 4997 would amend the Michigan Limited Liability Company
Act (1993 PA 23), the Nonprofit Corporation Act (1982 PA 162), and the Business
Corporation Act (1972 PA 284), respectively, by extending fee sunsets through September
30, 2027, which would otherwise mature on September 30, 2023. The aforementioned
statutes pertain to the regulation of business and nonprofit corporations and limited liability
companies and require the payment of filing fees for various documents submitted to the
Department of Licensing and Regulatory Affairs (LARA). The bills would maintain FY
2022-23 fee amounts by extending previously enacted fee increases. (Increases were
initially enacted in 2003 with sunset provisions.) The fee sunsets were previously extended
in 2019.
The bills would also make non-substantive stylistic revisions.
MCL 450.2060 (HB 4997)
MCL 450.3060 (HB 4996)
MCL 450.5101 (HB 4995)
FISCAL IMPACT:
The bills would maintain current levels of fee revenue collected by the Corporations,
Securities, and Commercial Licensing Bureau (CSCLB), within LARA, to the extent that
the CSCLB would continue collecting revenue generated by fee increases that would
otherwise sunset. Revenue generated from these fees is deposited into the Corporation Fees
Fund and expended for administration of various agencies within LARA. The department
estimates that resulting revenue losses if the sunsets are not extended would total
approximately $9.5 million annually. The table below provides information for each of the
bills.
House Fiscal Agency Page 1 of 2
 Bill Fee Title MCL Current Fee Post- Projected
Fee Sunset Revenue Loss
HB 4995 Limited Liability 450.5101 $25 $15 $7,035,500
Company Annual
Statement of Resident
Agent Fee
HB 4996 Nonprofit Corporation 450.3060 $20 $10 $488,400
Annual Report Filing
Fee
HB 4997 Business Corporation 450.2060 $25 $15 $1,976,100
Annual Report Filing
Fee
Fiscal Analyst: Marcus Coffin
■ This analysis was prepared by nonpartisan House Fiscal Agency staff for use by House members in their
deliberations, and does not constitute an official statement of legislative intent.
House Fiscal Agency Page 2 of 2


Statutes affected:
Substitute (H-2): 450.3060
House Introduced Bill: 450.3060
As Passed by the House: 450.3060
As Passed by the Senate: 450.3060
House Concurred Bill: 450.3060
Public Act: 450.3060
House Enrolled Bill: 450.3060