Bill
1421XD
Overview: Bill Number: 1421XD, Title: Corporations, Biennial Report Fees (1421XD) - Secretary of State, Status: proposed bill, Introduced: November 28, 2025Purpose and Intent: The
Overview: Bill Number: 1421XD, Title: Corporations, Biennial Report Fees (1421XD) - Secretary of State, Status: proposed bill, Introduced: November 28, 2025
Purpose and Intent: The main goal of this bill is to update the fees charged by the Secretary of State for corporations to file their biennial reports. The current fees have not been adjusted in several years, and this legislation aims to bring them in line with the state's current costs for processing these reports.
Key Provisions:
- Increases the biennial report filing fee for corporations from $25 to $50
- Establishes a late filing fee of $25 for corporations that do not submit their biennial reports on time
- Requires the Secretary of State to review the biennial report fees every 5 years and adjust them as necessary to cover administrative costs
Affected Parties and Impacts:
- All corporations registered in the state will be required to pay the new $50 biennial report filing fee
- Corporations that file their reports late will be subject to the new $25 late fee
- The Secretary of State's office will see increased revenue from the higher filing fees to cover their processing costs
Procedural and Timeline Considerations:
- This bill has been introduced in the state legislature and is currently in the proposed bill stage
- If passed, the new biennial report fees would take effect on January 1, 2026
Compiled from official sources — confirm details with the bill’s official record.
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