(1) To help facilitate data sharing between state agencies and as part of the ongoing establishment of a one-stop electronic business portal, the Secretary of State, the Finance and Administration Cabinet, the Cabinet for Economic Development, the Education and Labor Cabinet, and the Commonwealth Office of Technology shall jointly establish a unique Commonwealth business identification number which can be used in filings and services provided by the business portal.
(2) By December 31, 2013, the agencies identified in subsection (1) of this section shall:
(a) Recommend a timeline for implementing the new business identification numbering system for new business filings; and (b) Establish a five (5) year timeline for all state agencies to utilize the Commonwealth business identification number to facilitate data sharing and continued growth of services provided by the business portal. Effective:July 1, 2022