Providing for amount Secretary of State may charge for bad check fee

SB 864 sets the annual report fee for businesses at $25, requiring corporations, limited partnerships, domestic limited liability companies, and foreign limited liability companies to pay this fee annually to the West Virginia Secretary of State. The bill also allows the Secretary of State to waive late fees and adds a provision for a veteran-owned business logo. This directly affects businesses that must file annual reports in West Virginia, changing the fee structure and introducing new administrative flexibility. The legislation focuses on standardizing business reporting costs and supporting veteran-owned enterprises through a new logo feature.