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FISCAL NOTE
Senate Bill 204
Committee: Fiscal Responsibility and Economic
Development
Sponsor: Senator David Sessions
Analyst: Hunter Lapp Date: 03/19/2024
Senate Bill 204 as reported by the Committee on Fiscal Responsibility and Economic
Development would reduce receipts to the State General Fund and the Secretary of State
Corporations Fund by an estimated maximum of $560,000 and $240,000, annually, respectively,
beginning in Fiscal Year 2025, by repealing the requirement for certain corporations to file an
annual report and pay the associated $10 filing fee.
This bill would also reduce the administrative obligations of the Secretary to no longer collect
and maintain these reports.