Technology

HF 985 modifies how the Iowa Secretary of State collects fees for services. It allows the Secretary to set additional fees (capped at $2 million annually starting July 2025) for services like document copies, with all such fees deposited into the Business Services Modernization Fund. This fund must be used to modernize the Secretary’s technology and business operations by June 30, 2026. The bill also updates expedited filing surcharges (e.g., $250 for 1-hour service) and specifies that these fees go to the Business Administration Fund for administering business entity regulations. It directly affects businesses filing documents with the Secretary’s office and the office itself, as it changes fee structures and fund usage.