Bill
Bill > HF759
IA HF759
A bill for an act providing fees for the filing of a biennial report by business entities with the secretary of state.(Formerly HSB 109; See HF 997.)
summary
Introduced
03/05/2025
03/05/2025
In Committee
03/05/2025
03/05/2025
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
GENERAL. A business entity organized by statute formed in this state (domestic) or formed outside this state and doing or transacting business in this state (foreign) must file a biennial report with the secretary of state listing information regarding the business entity. The business entity may be organized on a profit basis such as a limited partnership (Code section 488.210), limited liability company (Code section 489.109), or business corporation (Code section 490.1621); on a cooperative basis such as an association, cooperative association, or a cooperative (Code section 497.22, 498.24, 499.499, 501.713, or 501A.231); or as a nonprofit corporation (Code section 504.1613). A business entity must file a biennial report on a two-year cycle by April 1 of either an even-numbered year or odd-numbered year depending on the type of business entity formed. Generally, regardless of the form of the business entity filing a biennial report, the business entity must provide common information, including its name, whether it is domestic or foreign, the name and address of its registered agent and registered office for service of process, the address of its principal office, and any alternative name that it may use. BILL’S PROVISIONS —— FILING FEE. Generally, the secretary of state determines the amount of the filing fee required to accompany a biennial report filed by a domestic or foreign business entity. However, a business corporation, incorporated in this state or registered to do business in this state must pay a filing fee at a statutorily fixed rate of $60 (Code section 490.122). This bill provides that for a business corporation, the amount of the filing fee is also reserved for determination by the secretary of state. The bill makes changes in the language of the relevant statute to correspond to the language in similar statutes governing other types of domestic or foreign business entities.
AI Summary
This bill modifies Iowa state law regarding biennial business entity reporting requirements, specifically for business corporations. The bill changes the existing statutes to give the secretary of state more flexibility in determining filing fees for biennial reports, removing the previously fixed $60 fee for business corporations. Under the new provisions, corporations will be required to file a biennial report between January 1 and April 1 of even-numbered years, with the first report due in the first even-numbered year following incorporation or registration to do business in the state. The report must contain information covering the two-year period preceding the filing year, and the secretary of state will now have the discretion to set the filing fee. The bill standardizes language around biennial reporting across different types of business entities, replacing mandatory language like "shall" with "must" and clarifying the reporting timeline and fee determination process.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
State Government (H)
Last Action
Withdrawn. H.J. 1073. (on 04/28/2025)
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=HF759 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HF759.html |
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