Bill Text: IA SSB1003 | 2025-2026 | 91st General Assembly | Introduced
Bill Title: 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.
Spectrum: Committee Bill
Status: (Introduced) 2025-01-21 - Subcommittee recommends passage. []. [SSB1003 Detail]
Download: Iowa-2025-SSB1003-Introduced.html
Senate
Study
Bill
1003
-
Introduced
SENATE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
JUDICIARY
BILL
BY
CHAIRPERSON
SCHULTZ)
A
BILL
FOR
An
Act
providing
for
an
expedited
filing
service
for
filers
of
1
business
documents
administered
by
the
secretary
of
state,
2
and
providing
fees.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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Section
1.
Section
9.15,
Code
2025,
is
amended
to
read
as
1
follows:
2
9.15
Expedited
filing
service
——
surcharge.
3
1.
Upon
the
request
of
the
filer
of
a
document,
the
4
secretary
shall
provide
an
expedited
filing
service.
As
part
5
of
the
service,
the
secretary
shall
file
a
document
submitted
6
by
a
filer
on
an
expedited
basis.
7
2.
The
secretary
shall
implement,
assess,
and
collect
a
8
surcharge
for
providing
the
expedited
filing
service
based
on
9
the
period
of
service
as
follows:
10
a.
For
a
one-hour
service,
the
surcharge
shall
be
two
11
hundred
fifty
dollars.
12
b.
For
a
same-day
service,
the
surcharge
shall
be
one
13
hundred
seventy-five
dollars.
14
c.
For
a
two-day
service,
the
surcharge
shall
be
fifty
15
dollars.
16
b.
d.
For
a
five-day
service,
the
surcharge
shall
be
17
fifteen
dollars.
18
3.
The
surcharge
shall
be
added
to
the
amount
of
the
fee
19
implemented,
assessed,
and
collected
for
the
actual
filing
of
20
the
document.
21
4.
At
the
time
of
the
expedited
filing,
the
secretary
shall
22
provide
written
confirmation
of
the
filing.
23
4.
5.
Any
moneys
collected
by
the
secretary
under
this
24
section
shall
be
deposited
in
the
business
administration
fund
25
created
in
section
9.13
.
26
EXPLANATION
27
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
28
the
explanation’s
substance
by
the
members
of
the
general
assembly.
29
BACKGROUND.
This
bill
amends
a
provision
enacted
in
2021
30
Iowa
Acts,
chapter
165,
section
253,
which
requires
the
31
secretary
of
state
(secretary)
to
establish
and
administer
32
programs
providing
extra
services
to
filers
of
documents
under
33
a
number
of
Code
sections
regulating
business
entities.
One
34
such
provision
(Code
section
9.15)
requires
the
secretary
to
35
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offer
a
service
in
which
a
business
document
is
filed
on
an
1
expedited
basis.
This
includes
two
additional
surcharges
for
2
expedited
services:
for
a
two-day
service,
an
additional
3
$50,
and
for
a
five-day
service,
an
additional
$15.
Moneys
4
collected
from
the
surcharges
are
deposited
in
the
business
5
administration
fund
(fund)
created
in
the
same
Act
(Code
6
section
9.13).
Moneys
in
the
fund
are
appropriated
to
7
the
office
of
the
secretary
for
the
exclusive
purpose
of
8
administering
business
organization
statutes
(Code
Title
9
XII).
The
specific
business
entities
include
partnerships
10
(Code
section
486A.105A),
limited
partnerships
(Code
section
11
488.206A),
limited
liability
companies
(Code
section
489.122A),
12
for-profit
corporations
(Code
section
490.120A),
other
13
corporations
for
pecuniary
profit
(Code
section
491.5A),
14
traditional
modern
cooperative
associations
(Code
section
15
499.44A),
closed
cooperatives
(Code
section
501.105A),
16
cooperatives
organized
under
the
Iowa
cooperative
associations
17
Act
(Code
section
501A.201A),
and
nonprofit
corporations
(Code
18
section
504.111A).
19
BILL’S
PROVISIONS.
The
bill
provides
two
additional
20
surcharges
for
such
services:
for
a
one-hour
service,
an
21
additional
$250,
and
for
same-day
service,
an
additional
$175.
22
At
the
time
of
the
expedited
filing,
the
secretary
must
provide
23
a
written
confirmation
of
an
expedited
filing.
24
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