ENTITLED, An Act to  exempt limited liability companies from the filing fee for the first annual report under certain circumstances.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section  1.  That § 47-34A-212 be amended to read as follows:
     47-34A-212.   The secretary of state shall charge and collect for:

             (a)      Filing the first annual report if the total agreed contribution of the limited liability company are:

Agreed Contribution	Fee
Not in excess of $50,000	$ 90
$50,001, to $100,000	$150
In excess of $100,000	$150 for first $100,000, plus $.50 for each
	additional $1,000

                 The maximum amount charged under this subsection together with any subsequent payments under subsection (b) may not exceed sixteen thousand dollars. The filing fee required pursuant to this subsection is not applicable if the limited liability company has previously paid the fee required pursuant to subdivision 47-34-54(1).

             (b)      Filing any subsequent annual report that reflects additional contribution in excess of those stated in the last prior report, any additional fee necessary to make the cumulative fee match the cumulative agreed contributions as provided in subsection (a); above the agreed contributions as set forth in the last previous annual report consistent with subsection (a).

             (c)      A reporting fee of fifty dollars, due and payable with the filing of all annual report, after the first annual report required in §  47-34A-211(c).

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An Act to exempt limited liability companies from the filing fee for the first annual report under certain circumstances.

========================= I certify that the attached Act originated in the HOUSE as Bill No. 1093

____________________________
Chief Clerk

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____________________________
Speaker of the House

Attest:

____________________________
Chief Clerk

____________________________
President of the Senate

Attest:

____________________________
Secretary of the Senate

House Bill No. 1093
File No. ____
Chapter No. ______     =========================
Received at this Executive Office this ____ day of _____________ ,

19___ at _____ M.

By _________________________
for the Governor

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The attached Act is hereby approved this ________ day of ______________ , A.D., 19___

____________________________
Governor

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STATE OF SOUTH DAKOTA,

ss.

Office of the Secretary of State

Filed ____________ , 19___
at _________ o'clock __ M.

____________________________
Secretary of State

By _________________________
Asst. Secretary of State