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HB0219 • 2024

Business reporting to secretary of state.

AN ACT relating to corporations, partnerships and associations; requiring corporations and limited liability companies to file a form with the secretary of state as specified; requiring rulemaking; specifying applicability; and providing for effective dates.

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Representative Knapp
Last action
2024-02-16
Official status
inactive
Effective date
3/1/2024

Plain English Breakdown

The candidate explanation accurately reflects the content of the official bill text, but it does not include information that was speculative or unsupported. The bill did not pass and therefore its effective date is irrelevant.

Business Reporting Requirements

This act requires corporations and limited liability companies in Wyoming to file a specific form with the secretary of state each year.

What This Bill Does

  • Requires corporations and limited liability companies to submit an annual report to the secretary of state on a form provided by the secretary.
  • Includes financial information about capital, property, and assets located or used in Wyoming.
  • Specifies that other details like officer names and addresses must be up-to-date as of when the report is filed.
  • Requires the secretary of state to create rules for implementing this act.

Who It Names or Affects

  • Corporations and limited liability companies operating in Wyoming
  • The secretary of state

Terms To Know

annual report
A yearly document that businesses must submit to the government with information about their finances and operations.
secretary of state
An official in charge of managing a state's records, including those related to business registration and compliance.

Limits and Unknowns

  • The bill did not pass during the session.
  • It is unclear how many businesses will be affected by this requirement.
  • Details about the specific form are not provided in the summary text.

Bill History

  1. 2024-02-16 House

    H Did not Consider for Introduction

  2. 2024-02-15 House

    H Received for Introduction

  3. 2024-02-14 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
24LSO-0591
2024
STATE OF WYOMING
24LSO-0591
Numbered
2.0

HOUSE BILL NO. HB0219

Business reporting to secretary of state.

Sponsored by: Representative(s) Knapp, Strock and Tarver

A BILL

for

AN ACT relating to corporations, partnerships and associations; requiring corporations and limited liability companies to file a form with the secretary of state as specified; requiring rulemaking; specifying applicability; and providing for effective dates.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 17
‑
16
‑
1630(a) and (c) and 17
‑
29
‑
209(a) and (c) are amended to read:

17
‑
16
‑
1630.

Filing of reports and payment of tax required; amount of tax; exemptions; records.

(a)

Every corporation organized under the laws of this state and every foreign corporation which obtains the right to transact and carry on business within this state (except banks, insurance companies and savings and loan associations) shall file with the secretary of state on or before the first day of the month of registration of every year a certification, under the penalty of perjury, by its treasurer or other fiscal agent setting forth its capital, property and assets located and employed in the state of Wyoming
as calculated on a form prescribed by the secretary of state that shall be filed concurrently with the certification
. The statement shall give the names and addresses of its officers and directors and the address of its principal office. On or before the first day of the month of registration of every year the corporation shall pay to the secretary of state in addition to all other statutory taxes and fees a license tax based upon the sum of its capital, property and assets reported, of sixty dollars ($60.00) or two
‑
tenths of one mill on the dollar ($.0002), whichever is greater.

(c)

Financial information in the annual report
and any information provided on the form prescribed by the secretary of state filed concurrently
shall be current as of the end of the corporation's fiscal year immediately preceding the date the annual report is executed on behalf of the corporation. All other information in the annual report shall be current as of the date the annual report is executed on behalf of the corporation.

17
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29
‑
209.

Annual report for secretary of state.

(a)

Every limited liability company organized under the laws of this state and every foreign limited liability company which obtains a certificate of authority to transact and carry on business within this state shall file with the secretary of state on or before the first day of the month of organization of every year a certification, under the penalty of perjury, by its treasurer or other fiscal agent setting forth its capital, property and assets located and employed in the state of Wyoming
as calculated on a form prescribed by the secretary of state that shall be filed concurrently with the certification
. The statement shall give the address of its principal office. On or before the first day of the month of organization of every year the limited liability company or foreign limited liability company shall pay to the secretary of state in addition to all other statutory taxes and fees a license fee based upon the sum of its capital, property and assets reported, of sixty dollars ($60.00) or two
‑
tenths of one mill on the dollar ($.0002), whichever is greater.

(c)

Financial information in the annual report
and any information provided on the form prescribed by the secretary of state filed concurrently
shall be current as of the end of the limited liability company's or foreign limited liability company's fiscal year immediately preceding the date the annual report is executed on behalf of the company.

All other information in the annual report shall be current as of the date the annual report is executed on behalf of the company.

Section 2.

This act shall apply to annual reports filed on and after July 1, 2024.

Section 3.

The secretary of state shall promulgate all rules necessary to implement this act.

Section 4.

(a)

Except as otherwise provided in subsection (b) of this section, this act is effective July 1, 2024.

(b)

Sections 3 and 4 of this act are effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

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HB0219