§ 100430 Annual Fee Adjustment Formula
This law says that certain government fees (like for record searches or permits) get changed every year by a set percentage, and the new amount is rounded up to the next whole dollar.
A small business wants to renew its building permit. The fee for the permit is adjusted each year based on a percentage change.
The department looks at the original fee, adds any past yearly adjustments, applies the new percentage change, and then rounds the result up to the next whole dollar before the business pays it.
New Fee = RoundUp( (Statutory Base Amount + Sum of Prior Adjustments) × (1 + Percentage Change) )
A city issues a business license. The statutory base amount is $100. Over the past two years, the fee was increased by $5 and $5, so the sum of prior adjustments is $10. This year the percentage change is 3%.
Result: Base amount = 100 + 10 = $110; New fee before rounding = 110 × (1 + 0.03) = $113.30; Rounded up = $114.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 100430 Annual Fee Adjustment Formula
Last verified: January 11, 2026