This bill amends existing Iowa law regarding the filing of biennial reports by business entities with the Secretary of State. It removes a specific paragraph from Section 490.122 and introduces a new subsection that allows the Secretary of State to impose, assess, and collect a filing fee as a condition for accepting these biennial reports. Additionally, it modifies the language in Section 490.1621 to clarify the timing and requirements for submitting the biennial report, specifying that the first report must be delivered between January 1 and April 1 of the first even-numbered year after incorporation or registration, and subsequent reports must be delivered in each following even-numbered year.

The bill also updates the language to ensure consistency across statutes governing various types of business entities, allowing the Secretary of State to determine the filing fee for all business entities, including corporations. Previously, a fixed fee of $60 was established for business corporations, but this bill shifts the authority to set the fee to the Secretary of State, aligning it with the provisions for other business entities. Overall, the bill aims to streamline the reporting process and provide the Secretary of State with the flexibility to adjust filing fees as necessary.

Statutes affected:
Introduced: 490.122, 490.1621