Iowa 2023-2024 Regular Session Status: Enacted 1 R cosponsors

SF 2054 — A bill for an act eliminating requirements providing for the payment of an outstanding tax liability by dissolved business entities as a condition to reinstatement. Effective date: 07/01/2024.

Last action — Signed by Governor.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 17, 2024. Enacted.

Signed by Governor Kim Reynolds (Republican) on April 19, 2024.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 52% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

190 added · 208 removed

190 line(s) added, 208 removed.

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KMRENODS O FICE OF THE GOVERNOR ADMGREG GVENOR LTOVRNR pil9,04 heHnrblealPte ertryfSaeofoa tteaiol esMie,Ioa5319 earr.ertr, Ieeytasi:
Senate File 2054 - Enrolled Senate File 2054 AN ACT ELIMINATING REQUIREMENTS PROVIDING FOR THE PAYMENT OF AN OUTSTANDING TAX LIABILITY BY DISSOLVED BUSINESS ENTITIES AS A CONDITION TO REINSTATEMENT.
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IH l I I I:I Ci 1 JNE1ZAL A55EM 1 •I ,i1 Ii''1nu w::cIituul:.auunuacl• Senate File 2054 AN ACT ELIMINATING REQUIREMENTS PROVIDING FOR THE PAYMENT OF AN OUTSTANDING TAX LIABILITY BY DISSOLVED BUSINESS ENTITIES AS A CONDITION TO REINSTATEMENT.
Section 489.710, subsections 1 and 2 , Code 2024, are amended to read as follows:
Section 489.710, subsections 1 and 2, Code 2024, are amended to read as follows:
b.
c.
• • Z û ct h f e'-r a t a i d e n t r f i leaht io ft e limited liability company.
d.
State the federal tax identification number of the limited liability company.
The secretary of State shall refer the federal tax idcntifi ation number contained in the appli ation for Senate File 2054, p.
The secretary of state shall refer the federal tax identification number contained in the application for Senate File 2054, p.
2 reinstatement te the nt of workforce development.
2 reinstatement to the department of workforce development.
seeretary ef state the tax status ef the limited liability company.
The department of workforce development shall report to the secretary of state the tax status of the limited liability company.
If the department reports to the secretary of otatc that a filing delinquency or liability cxi3ts against the company, the Secretary of 3tatc Shall not anccl the e e f t of disselutien until the filing delinquency or liability i3 3ati3fied.
If the department reports to the secretary of state that a filing delinquency or liability exists against the company, the secretary of state shall not cancel the certificate of dissolution until the filing delinquency or liability is satisfied.
If the secretary of state determines that the application contains the information required by subsection 1, and that a delinquency or liability reported pursuant to paragraph "a - has been satisfied, and that the information is correct, the secretary of state shall cancel the certificate of dissolution and prepare a certificate of reinstatement that recites the secretary of state's determination and the effective date of reinstatement, file the certificate of reinstatement, and deliver a copy to the limited liability company under section 489.119.
If the secretary of state determines that the application contains the information required by subsection 1, and that a delinquency or liability reported pursuant to paragraph “a” has been satisfied, and that the information is correct, the secretary of state shall cancel the certificate of dissolution and prepare a certificate of reinstatement that recites the secretary of state’s determination and the effective date of reinstatement, file the certificate of reinstatement, and deliver a copy to the limited liability company under section 489.119.
If the limited liability company's name in subsection 1, paragraph -c , is different from the name in subsection 1, paragraph "a -, the certificate of reinstatement shall constitute an amendment to the company's certificate of organization insofar as it pertains to its name.
If the limited liability company’s name in subsection 1, paragraph “c”, is different from the name in subsection 1, paragraph “a”, the certificate of reinstatement shall constitute an amendment to the company’s certificate of organization insofar as it pertains to its name.
A company shall not relinquish the right to retain its name if the reinstatement is effective within five years of the effective date of the company's dissolution.
A company shall not relinquish the right to retain its name if the reinstatement is effective within five years of the effective date of the company’s dissolution.
Section 490.1422, subsections 1 and 2 , Code 2024, are amended to read as follows:
Section 490.1422, subsections 1 and 2, Code 2024, are amended to read as follows:
State the federal tax idcntifi ation number of the P 2.
State the federal tax identification number of the corporation.
2.
The secretary of state shall refer the federal tax idcntifi ation number contained in the application for departm nt sTra,•repe i te—crr- s-eTezâ'r—ef sta tecrre tax oecretary of otate that a filing delinquency or liability delinqueney er liability is satisfied.
The secretary of state shall refer the federal tax identification number contained in the application for reinstatement to the department of workforce development.
b, (1) 2.
The department shall report to the secretary of state the tax status of the corporation.
If the department reports to the secretary of state that a filing delinquency or liability exists against the corporation, the secretary of state shall not cancel the certificate of dissolution until the filing delinquency or liability is satisfied.
b.
(1) 2.
If the secretary of state determines that the application contains the information required by subsection 1, and that a delinquency or liability reported pursuant to paragraph „a „has been satisfied, and that the information is correct, the secretary of state shall cancel the certificate of dissolution and prepare a certificate of reinstatement that recites the secretary of states determination and the effective date of reinstatement, file the certificate of reinstatement, and deliver a copy to the corporation under section 490.504.
If the secretary of state determines that the application contains the information required by subsection 1, and that a delinquency or liability reported pursuant to paragraph “a” has been satisfied, and that the information is correct, the secretary of state shall cancel the certificate of dissolution and prepare a certificate of reinstatement that recites the secretary of state’s determination and the effective date of reinstatement, file the certificate of reinstatement, and deliver a copy to the corporation under section 490.504.
If the corporate name in subsection 1, paragraph •c-, is different from the corporate name in subsection 1, paragraph -a-, the certificate of reinstatement shall constitute an amendment to the articles of incorporation insofar as it pertains to the corporate name.
If the corporate name in subsection 1, paragraph “c”, is different from the corporate name in subsection 1, paragraph “a”, the certificate of reinstatement shall constitute an amendment to the articles of incorporation insofar as it pertains to the corporate name.
A corporation shall not relinquish the right to retain its corporate name if the reinstatement is effective within five years of the effective date of the corporation's dissolution.
A corporation shall not relinquish the right to retain its corporate name if the reinstatement is effective within five years of the effective date of the corporation’s dissolution.
Section 501.813, subsections 1 and 2 , Code 2024, are amended to read as follows:
3.
Section 501.813, subsections 1 and 2, Code 2024, are amended to read as follows:
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If the application is received more than five years after the effective date of the cooperative's dissolution, state a name that satisfies the requirements of section 501.104.
If the application is received more than five years after the effective date of the cooperative’s dissolution, state a name that satisfies the requirements of section 501.104.
d, State the federal tax identification number of the 2.
d.
State the federal tax identification number of the cooperative.
2.
The secretary of state shall r -fer the federal tax identifi ation number contained in the application for e r e ary of state the tax statua of the cooperative.
The secretary of state shall refer the federal tax identification number contained in the application for reinstatement to the department of workforce development.
If the department reperts te the seeretary ef state that a filing delinquency or liability exists a-gainst the cooperative, the secretary of state shall not cancel the certificate of dissolution until t clinqucncy or liability is oati3ficd.
The department of workforce development shall report to the secretary of state the tax status of the cooperative.
If the department reports to the secretary of state that a filing delinquency or liability exists against the cooperative, the secretary of state shall not cancel the certificate of dissolution until the filing delinquency or liability is satisfied.
(1) .
(1) 2.
If the secretary of state determines that the application contains the information required by subsection 1, and that a delinquency or liability reported pur3uant to paragraph a - has been satisfied, and that the information is correct, the secretary of state shall cancel the certificate of dissolution and prepare a certificate of reinstatement that recites the secretary of state's determination and the effective date of reinstatement, file the document, and deliver a copy to the cooperative under section 501.106.
If the secretary of state determines that the application contains the information required by subsection 1, and that a delinquency or liability reported pursuant to paragraph “a” has been satisfied, and that the information is correct, the secretary of state shall cancel the certificate of dissolution and prepare a certificate of reinstatement that recites the secretary of state’s determination and the effective date of reinstatement, file the document, and deliver a copy to the cooperative under section 501.106.
If the name of the cooperative as provided in subsection 1 , paragraph -c -, is different than the name in subsection 1 , paragraph "a -, the certificate of reinstatement shall constitute an amendment to the articles of association insofar as it pertains to the name.
If the name of the cooperative as provided in subsection 1, paragraph “c”, is different than the name in subsection 1, paragraph “a”, the certificate of reinstatement shall constitute an amendment to the articles of association insofar as it pertains to the name.
A cooperative shall not relinquish the right to retain its name if the reinstatement is effective within five years of the effective date of the cooperative's dissolution.
A cooperative shall not relinquish the right to retain its name if the reinstatement is effective within five years of the effective date of the cooperative’s dissolution.
Section 504.1423, subsections 1 and 2 , Code 2024, are amended to read as follows:
Section 504.1423, subsections 1 and 2, Code 2024, are amended to read as follows:
b, That the ground or grounds for dissolution either did not exist or have been eliminated.
b.
That the ground or grounds for dissolution either did not exist or have been eliminated.
If the application is received more than five years after the effective date of dissolution, state the corporation's name satisfies the requirements of section 504.401.
If the application is received more than five years after the effective date of dissolution, state the corporation’s name satisfies the requirements of section 504.401.
The federal tax identifieatien number ef the eerperatien.
The federal tax identification number of the corporation.
The secretary of state shall refer the federal tax idcntific-ation number contained in the application for reinstatement te the department of %7orkforce dcvclopmcnt.
The secretary of state shall refer the federal tax identification number contained in the application for reinstatement to the department of workforce development.
The department of workforce dcvclopmcnt Shall report to the seeretary ef state the tax status f the corporation.
The department of workforce development shall report to the secretary of state the tax status of the corporation.
If the department reperts te the seeretary ef state that a filing dissolution until the filing delinquency or liability is nati3fied.
If the department reports to the secretary of state that a filing delinquency or liability exists against the corporation, the secretary of state shall not cancel the certificate of dissolution until the filing delinquency or liability is satisfied.
(1) .
(1) 2.
If the secretary of state determines that the application contains the information required by subsection 1, that a delinquency or liability reported pursuant to paragraph -a- ha3 been 3atioficd, and that all of the application information is correct, the secretary of state shall cancel the certificate of dissolution and prepare a certificate of reinstatement reciting that determination and the effective date of reinstatement, file the document, and deliver a copy to the corporation under section 504.504.
If the secretary of state determines that the application contains the information required by subsection 1, that a delinquency or liability reported pursuant to paragraph “a” has been satisfied, and that all of the application information is correct, the secretary of state shall cancel the certificate of dissolution and prepare a certificate of reinstatement reciting that determination and the effective date of reinstatement, file the document, and deliver a copy to the corporation under section 504.504.
If the corporate name in subsection 1 , paragraph c-, is different from the corporate name in subsection 1, paragraph -a-, the certificate of reinstatement shall constitute an amendment to the articles of incorporation insofar as it pertains to the corporate name.
If the corporate name in subsection 1, paragraph “c”, is different from the corporate name in subsection 1, paragraph “a”, the certificate of reinstatement shall constitute an amendment to the articles of incorporation insofar as it pertains to the corporate name.
6 shall not relinquish the right to retain its corporate name if the reinstatement is effective within five years of the effective date of the corporation's dissolution.
6 shall not relinquish the right to retain its corporate name if the reinstatement is effective within five years of the effective date of the corporation’s dissolution.
AMY SI CLAIR PAT GRASSLEY President of the Senate Speaker of t•e House I hereby certify that this bill originated in the Senate and is known as Senate File 2054, Ninetieth General Assembly.
______________________________ ______________________________ AMY SINCLAIR PAT GRASSLEY President of the Senate Speaker of the House I hereby certify that this bill originated in the Senate and is known as Senate File 2054, Ninetieth General Assembly.
W.
______________________________ W.
CHARLES SMITHSON • ApprovedJA W 2024
CHARLES SMITHSON Secretary of the Senate Approved _______________, 2024 ______________________________ KIM REYNOLDS Governor
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Action History

  1. Signed by Governor.

  2. Reported correctly enrolled, signed by President and Speaker, and sent to Governor.

  3. Fiscal note.

  4. Explanation of vote.

  5. Message from House.

  6. Immediate message.

  7. Passed House, yeas 89, nays 0.

  8. Placed on calendar under unfinished business.

  9. Placed on calendar.

  10. Committee report, recommending passage.

  11. Subcommittee recommends passage. Vote Total: 3-0.

  12. Subcommittee Meeting: 02/27/2024 12:00PM House Lounge.

  13. Subcommittee: Bloomingdale, Nielsen and Wills, J.

  14. Read first time, referred to Commerce.

  15. Message from Senate.

  16. Immediate message.

  17. Passed Senate, yeas 47, nays 0.

  18. Fiscal note.

  19. Committee report, recommending passage.

  20. Subcommittee recommends passage. [].

  21. Subcommittee Meeting: 01/29/2024 2:00PM Senate Lounge.

  22. Subcommittee: Webster, Bisignano, and Dickey.

  23. Introduced, referred to Commerce.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 149 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (149)

149 members have not signed on to this bill.

Show all 149 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
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Frequently asked questions

Who sponsors SF 2054?
SF 2054 is sponsored by Scott Webster (Republican).
What is the current status of SF 2054?
This bill has been enacted into law. Introduced January 17, 2024. Enacted.
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