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Bills · 2023-2024 Regular Session

AB 951

Died at session end Official bill text Atom feed

Relating to: the fee for filing limited liability company articles of organization with the Department of Financial Institutions. (FE)

Corporation Financial institutions department of Indians and tribal issues Parochial and private schools School — Administration

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill expands the filing fee exception for a student entrepreneur who forms

a limited liability company (LLC).

Current law establishes a fee of $130 for filing LLC articles of organization with

the Department of Financial Institutions. However, DFI may not collect this fee if

the LLC members or organizers are all student entrepreneurs. A “student

entrepreneur" is defined as a student who is at least 18 years of age, enrolled in a

postsecondary institution in this state, and an organizer or member of an LLC

formed as a business start-up.

This bill expands the definition of “student entrepreneur” to include a student

enrolled in a public, private, or tribal high school in this state.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Behnke (R) , Conley (D) , Considine (D) , Doyle (D) , Edming (R) , Jacobson (D) , Joers (D) , Maxey (R) , O'Connor (R) , Ohnstad (D) , Oldenburg (R) , Palmeri (D) , Rettinger (R) , Sapik (R) , Schmidt (R) , Shankland (D) , Subeck (D)

9 cosponsors

Ballweg (R) , Bradley (R) , Cabral-Guevara (R) , Felzkowski (R) , Haywood (D) , Nass (R) , Pfaff (D) , Roys (D) , Spreitzer (D)

Votes

Assembly: Report passage recommended by Committee on Financial Institutions, Ayes 9, Noes 0

Passed 9–0 Feb 7, 2024 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Jan 12, 2024 · Assembly

    Introduced by Representatives Oldenburg, Doyle, Edming, Behnke, Conley, Considine, Jacobson, Joers, Maxey, O'Connor, Palmeri, Rettinger, Sapik, Schmidt, Shankland, Subeck and Ohnstad; cosponsored by Senators Bradley, Pfaff, Ballweg, Cabral-Guevara, Nass, Roys, Spreitzer and Felzkowski

  2. Jan 12, 2024 · Assembly

    Read first time and referred to Committee on Financial Institutions

  3. Jan 24, 2024 · Assembly

    Fiscal estimate received

  4. Jan 31, 2024 · Assembly

    Public hearing held

  5. Feb 1, 2024 · Assembly

    Representative Haywood added as a coauthor

  6. Feb 6, 2024 · Assembly

    Executive action taken

  7. Feb 7, 2024 · Assembly

    Report passage recommended by Committee on Financial Institutions, Ayes 9, Noes 0

  8. Feb 7, 2024 · Assembly

    Referred to committee on Rules

  9. Apr 15, 2024 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1