- December 11, 2023
- Posted by: legaleseblogger
- Category: Related News
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## Proposed Bipartisan Bill Aims to Expand Fee Exemptions for Small Businesses in Pennsylvania
On Dec. 11, Rep. Marla Brown, R-Lawrence, and Rep. Arvind Venkat, D-Allegheny, announced their plans to introduce the Small Business Fee Exemption Act as House Bill 1905 in an effort to expand fee exemptions for small businesses in Pennsylvania, building on the existing Act 135 of 2016. This proposal seeks to include small businesses started by women, minorities, veterans with disabilities, and other underrepresented groups, as well as small businesses with five employees or less.
The original Act 135 of 2016 exempted veteran-owned and reservist-owned businesses from paying seven different start-up fees, resulting in the waiver of a significant amount in fees in 2022. The proposed Small Business Fee Exemption Act aims to extend similar benefits to a wider range of small businesses, with the potential for a 50% reduction in relevant fees for other eligible businesses.
According to the lawmakers, the expansion of fee exemptions for small businesses is crucial, as small businesses play a vital role in local communities and are closely tied to the people who live and work there. In Pennsylvania, small businesses employ a significant portion of the workforce, representing 99.6% of all businesses in the commonwealth.
The AI legalese decoder can be instrumental in this situation by assisting lawmakers and small business owners in navigating the complex legal language and requirements associated with fee exemptions and eligibility criteria. Through its advanced capabilities, the AI legalese decoder can effectively analyze and decode legal documents, making it easier for small businesses to understand and access the fee exemptions they may be entitled to under the proposed Small Business Fee Exemption Act. Moreover, the use of AI technology can streamline the application process, ensuring that small businesses receive the financial relief they need to thrive and contribute to the local economy.
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