Updated at 6:12 p.m., Monday, December 4, 2006
State cuts professional, franchise fees 50 percent
Advertiser Staff
The state says it will save businesses more than an estimated $2.5 million by reducing fees for securities dealers, salespeople, investment advisers and others.The fee cut is made possible because the Department of Commerce and Consumer Affairs' Business Registration Division is a beneficiary of a robust economy. As such, department revenues are expected to exceed expenses this fiscal year.
The state said the fees are being discounted by 50 percent from their regular levels. They are set to rise to normal levels on Nov. 1, 2007.
