2012 Senate Bill 1258 / Public Act 307

Increase business and occupational licensure fees

Introduced in the Senate

Sept. 11, 2012

Introduced by Sen. Mark Jansen (R-28)

To increase annual registration fees imposed on stock brokers and advisors. This is one a number of bills increasing fees on a wide range of businesses and occupations in which registration or licensure mandates are imposed as a condition of operating the firm or earning a living in the profession. The bills technically repeal the sunsets of previously enacted “temporary” fee increase laws, and are related to the budget for the next fiscal year. According to the House and Senate Fiscal Agencies, the bills would extract $15 to $20 million annually from business owners and tradesmen.

Referred to the Committee on Appropriations

Sept. 20, 2012

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Substitute offered

The substitute passed by voice vote

Passed in the Senate 36 to 2 (details)

Received in the House

Sept. 20, 2012

Referred to the Committee on Appropriations

Sept. 27, 2012

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Passed in the House 86 to 21 (details)

To increase annual registration fees imposed on stock brokers and advisors. This is one a number of bills increasing fees on a wide range of businesses and occupations in which registration or licensure mandates are imposed as a condition of operating the firm or earning a living in the profession. The bills technically repeal the sunsets of previously enacted “temporary” fee increase laws, and are related to the budget for the next fiscal year. According to the House and Senate Fiscal Agencies, the bills would extract $15 to $20 million annually from business owners and tradesmen.

Signed by Gov. Rick Snyder

Sept. 30, 2012