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HF 997

A bill for an act providing fees for the filing of a biennial report by business entities with the secretary of state.

2025-2026 Regular Session

Iowa HF 997 imposes filing fees on business entities submitting biennial reports to the Secretary of State, generating revenue while increasing compliance costs for registered businesses.

Subcommittee recommends passage.
#businessentities #secretaryofstate
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Bill Summary · HF 997

Legislative bill overview

HF 997 establishes filing fees that business entities must pay to the Iowa Secretary of State when submitting their required biennial reports. The bill creates a new revenue mechanism for the state through these administrative fees rather than relying solely on general tax revenue to support Secretary of State operations.

Why is this important

This affects thousands of Iowa businesses that file biennial reports, potentially increasing their compliance costs. The fee structure directly impacts small businesses, corporations, and other registered entities' operational expenses and state filing costs.

Potential points of contention

  • Small business burden: Lower-revenue businesses may experience proportionally higher impact from flat or tiered fees, raising fairness concerns about regulatory costs
  • Competitive disadvantage: Out-of-state businesses incorporating in Iowa might face increased costs compared to alternative jurisdictions, potentially affecting business formation rates
  • Fee amount uncertainty: The bill's text does not specify the actual fee amounts, making it difficult to assess the true financial impact on business entities

Compiled from official sources — confirm details with the bill’s official record.

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