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IA HSB109
SB
Status
1/30/2025
Primary Sponsor
State Government
Click for details
AI Summary
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Removes the fixed $60 filing fee for biennial reports filed by business corporations under Iowa Code section 490.122
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Authorizes the Secretary of State to impose, assess, and collect a filing fee for biennial reports filed by domestic and foreign business corporations
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Aligns business corporation biennial report fee structure with other business entity types (limited partnerships, LLCs, cooperatives, nonprofits), where the Secretary of State already determines fee amounts
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Makes technical language changes to Code section 490.1621, replacing "shall" with "must" and clarifying biennial report timing requirements
Legislative Description
A bill for an act providing fees for the filing of a biennial report by business entities with the secretary of state.(See HF 759, HF 997.)
Last Action
Committee report approving bill, renumbered as HF 759.
3/5/2025