Skip to content

Bills · 2025-2026 Regular Session

AB 1226

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 Youth

  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 creates a filing fee exception for youth entrepreneurs who form 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.

The bill creates an additional filing fee exception for youth entrepreneurs. A “youth entrepreneur” is defined as an individual who is at least 12 but less than 18 years of age and who is an organizer of an LLC or will be a member of the LLC upon its formation. Under the bill, DFI may not collect a fee for filing LLC articles of organization if the LLC members or organizers are all youth entrepreneurs.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Taylor (D)

Full history

  1. Mar 19, 2026 · Assembly

    Introduced by Representative Taylor

  2. Mar 19, 2026 · Assembly

    Read first time and referred to Committee on Financial Institutions

  3. Mar 23, 2026 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1

  4. Apr 9, 2026 · Assembly

    Fiscal estimate received