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Bills · 2023-2024 Regular Session

SB 881

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 Senate, not reached
  3. Passes Assembly, 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: Ballweg (R) , Bradley (R) , Cabral-Guevara (R) , Nass (R) , Pfaff (D) , Roys (D) , Spreitzer (D)

19 cosponsors

Behnke (R) , Conley (D) , Considine (D) , Doyle (D) , Edming (R) , Felzkowski (R) , Haywood (D) , 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)

Votes

Senate: Report adoption of Senate Amendment 1 recommended by Committee on Financial Institutions and Sporting Heritage, Ayes 5, Noes 0

Passed 5–0 Feb 27, 2024 official source full page

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

Senate: Report passage as amended recommended by Committee on Financial Institutions and Sporting Heritage, Ayes 5, Noes 0

Passed 5–0 Feb 27, 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 5, 2024 · Senate

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

  2. Jan 5, 2024 · Senate

    Read first time and referred to Committee on Financial Institutions and Sporting Heritage

  3. Jan 10, 2024 · Senate

    Representative Ohnstad added as a cosponsor

  4. Jan 11, 2024 · Senate

    Senator Felzkowski added as a coauthor

  5. Jan 22, 2024 · Senate

    Fiscal estimate received

  6. Feb 1, 2024 · Senate

    Representative Haywood added as a cosponsor

  7. Feb 21, 2024 · Senate

    Public hearing held

  8. Feb 26, 2024 · Senate

    Senate Amendment 1 offered by Senator Bradley

  9. Feb 27, 2024 · Senate

    Report passage as amended recommended by Committee on Financial Institutions and Sporting Heritage, Ayes 5, Noes 0

  10. Feb 27, 2024 · Senate

    Available for scheduling

  11. Feb 27, 2024 · Senate

    Executive action taken

  12. Feb 27, 2024 · Senate

    Report adoption of Senate Amendment 1 recommended by Committee on Financial Institutions and Sporting Heritage, Ayes 5, Noes 0

  13. Apr 15, 2024 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1