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| 1 | 1 | Senate File 629 - Introduced SENATE FILE 629 BY COMMITTEE ON WAYS AND MEANS (SUCCESSOR TO SF 285) (SUCCESSOR TO SSB 1003) 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 TLSB 1686SZ (2) 91 da/jh | |
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| 3 | 3 | S.F. 629 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 dollars. 12 b. For a same-day service, the surcharge shall be one 13 hundred twenty-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 explanations 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 -1- LSB 1686SZ (2) 91 da/jh 1/ 2 | |
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| 5 | 5 | S.F. 629 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 11 section 488.206A), limited liability companies (Code section 12 489.122A), business corporations (Code section 490.120A), 13 other 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 BILLS PROVISIONS. The bill provides two additional 20 surcharges for such services: for a one-hour service, an 21 additional $200, and for same-day service, an additional $125. 22 At the time of the expedited filing, the secretary must provide 23 a written confirmation of an expedited filing. 24 -2- LSB 1686SZ (2) 91 da/jh 2/ 2 |