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90th General Assembly · Funnel one-pager · Monday, November 9, 2026

SF 2054: Eliminating requirements providing for the payment of an outstanding tax liability by dissolved business entities as a condition to reinstatement

Signed into law

What it does

BACKGROUND (TREATMENT OF BUSINESS ENTITIES). A business entity may be organized on a profit, nonprofit, or cooperative basis. This bill provides for each type of business entity, including a limited liability company and business corporation organized on a profit basis for the benefit of its investors (members or shareholders), a closed cooperative (closed coop) organized for the benefit of its investor-patrons (members), and a nonprofit corporation organized under principles other than investor benefit (members).

Sponsors

Not listed

Cost

Can’t be estimated

Senate File 2054 may result in a reduction in the amount of current tax debt recovered for the Unemployment Insurance Trust Fund and may require the IWD to hire additional FTE positions to collect outstanding debt; however, the fiscal impact cannot be estimate…

House subcommittee · named February 21, 2024

  • Rep. Jane Bloomingdale (R) · jane.bloomingdale@legis.iowa.gov
  • Rep. Amy Nielsen (D) · amy.nielsen@legis.iowa.gov
  • Rep. John H. Wills (R) · john.wills@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Iowa Secretary of State; Iowa State Bar Association

In plain words

  1. January 17, 2024Filed in the Senate and sent to the Commerce committee
  2. January 24, 2024Senate subcommittee named: Webster, Bisignano and Dickey
  3. January 29, 2024Subcommittee recommended passing it
  4. January 30, 2024Approved by the Senate committee
  5. February 19, 2024Cost estimate (fiscal note) posted
  6. February 19, 2024Passed the Senate, 47–0
  7. February 20, 2024Arrived in the House
  8. February 21, 2024House subcommittee named: Bloomingdale, Nielsen, Wills and J
  9. February 28, 2024Subcommittee recommended passing it
  10. March 14, 2024Approved by the House committee
  11. April 8, 2024Passed the House, 89–0
  12. April 17, 2024Cost estimate (fiscal note) posted
  13. April 18, 2024Sent to the Governor
  14. April 19, 2024Signed into law

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/SF2054