Enacts new Subchapter XI, Registration, in GS Chapter 105. Requires covered entities (defined as a business, commission, or occupational licensing board) to file a registration statement with the Secretary of Revenue (Secretary). Specifies what must be on the registration form and requires for it to be filed electronically. Registration is effective from the date of filing until January 1 of the following year. Allows the Secretary to impose a $250 penalty for the first failure of  covered entity to comply with the registration requirements, and increases the penalty to $1,000 for subsequent failures to comply.

Effective when the act becomes law and requires the Secretary to establish a registration filing system within 90 days of that date, with covered entities required to file an initial registration within 120 days of that date.