Bill
HD 2203
The bill modifies annual filing requirements for manufacturing corporations, replacing officer/shareholder lists with comprehensive financial/operational reports, with penalties up to $5,000 for noncompliance.
This proposed bill, introduced on November 29, 2025, aims to amend existing laws regarding the annual filing requirements for manufacturing corporations in the state.
The main components of the bill include:
Annual List Requirement Modification: The bill proposes to change the current mandate that manufacturing corporations must file an annual list of officers, directors, and stockholders. Instead, it would require these corporations to file an annual report containing relevant financial and operational information.
Reporting Timeline: Under the new requirements, manufacturing corporations would be obligated to submit their annual reports within 6 months after the end of each fiscal year, as opposed to the current 3-month timeline.
Enforcement and Penalties: The bill outlines enforcement mechanisms, including the ability for the Secretary of State to assess monetary penalties on corporations that fail to comply with the annual reporting mandate. Fines could reach up to $5,000 per violation.
The primary entities that would be affected by this legislation are:
The bill has been introduced in the state legislature and is currently in the committee review process. If passed, the new annual reporting requirements would take effect starting in the 2027 fiscal year, giving manufacturing corporations time to prepare for the transition.
Compiled from official sources — confirm details with the bill’s official record.
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