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FISCAL NOTE
Senate Bill 204
Committee: Commerce and Small Business Sponsor: Senator David Sessions
Analyst: Hunter Lapp Date: 04/16/2024
Senate Bill 204 as passed the Senate 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.