This bill proposes an amendment to the Code of West Virginia, specifically section 59-1-2, to waive the $100 fee for new for-profit businesses or domestic corporations registering for a license in the state. The bill aims to encourage the establishment of new businesses by allowing them to register without incurring this initial cost for the first year.

To implement this change, the bill introduces new legal language that designates up to three days per year during which qualifying new for-profit domestic corporations can register their business activity without paying the $100 license fee. This initiative is intended to support economic growth and foster a more favorable environment for new business ventures in West Virginia.

Statutes affected:
Introduced Version: 59-1-2