CHARLESTON — A bill meant to assist veterans starting new business passed the West Virginia Legislature on Saturday and will go to Gov. Earl Ray Tomblin to sign.
The bill, which has received overwhelming bipartisan support, waives the registration fee for new businesses and the annual report filing fee for the first four years.
The Secretary of State's Office will absorb the cost of waiving these fees.
“This is just one more way the Secretary of State’s Office is helping our veterans and members of the armed forces. The office will be absorbing the cost of waiving these fees and it will not cost taxpayers any additional money,” Secretary Natalie Tennant said. “With unanimous passage from both House and Senate, it is obvious this is an idea all of us can support."
According to the Small Business Administration, veterans are 45 percent more likely to be self-employed than those with no military experience.
— Sarah Plummer