Bill
Bill > SF285
IA SF285
A bill for an act providing for an expedited filing service for filers of business documents administered by the secretary of state, and providing fees.(Formerly SSB 1003; See SF 629.)
summary
Introduced
02/12/2025
02/12/2025
In Committee
02/17/2025
02/17/2025
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
BACKGROUND. This bill amends a provision enacted in 2021 Iowa Acts, chapter 165, section 253, which requires the secretary of state (secretary) to establish and administer programs providing extra services to filers of documents under a number of Code sections regulating business entities. One such provision (Code section 9.15) requires the secretary to offer a service in which a business document is filed on an expedited basis. This includes two additional surcharges for expedited services: for a two-day service, an additional $50, and for a five-day service, an additional $15. Moneys collected from the surcharges are deposited in the business administration fund (fund) created in the same Act (Code section 9.13). Moneys in the fund are appropriated to the office of the secretary for the exclusive purpose of administering business organization statutes (Code Title XII). The specific business entities include partnerships (Code section 486A.105A), limited partnerships (Code section 488.206A), limited liability companies (Code section 489.122A), business corporations (Code section 490.120A), other corporations for pecuniary profit (Code section 491.5A), traditional modern cooperative associations (Code section 499.44A), closed cooperatives (Code section 501.105A), cooperatives organized under the Iowa cooperative associations Act (Code section 501A.201A), and nonprofit corporations (Code section 504.111A). BILL’S PROVISIONS. The bill provides two additional surcharges for such services: for a one-hour service, an additional $200, and for same-day service, an additional $125. At the time of the expedited filing, the secretary must provide a written confirmation of an expedited filing.
AI Summary
This bill amends Iowa's existing law regarding expedited filing services administered by the secretary of state by adding two new expedited service options for business document filings. Specifically, the bill introduces a one-hour filing service with a $200 surcharge and a same-day filing service with a $125 surcharge, in addition to the previously existing two-day ($50) and five-day ($15) expedited service options. The bill also requires the secretary of state to provide written confirmation of the expedited filing at the time of submission. These additional surcharges will be added to the base filing fee and deposited into the business administration fund, which supports the administration of business organization statutes. The expedited services apply to various business entities, including partnerships, limited partnerships, limited liability companies, business corporations, cooperatives, and nonprofit corporations, providing businesses with more flexible and rapid document filing options.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Judiciary (S)
Last Action
Committee report approving bill, renumbered as SF 629. S.J. 828. (on 04/17/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF285 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF285.html |
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