Idaho Statement of Termination

Idaho House Bill 361 was signed by the governor April 1, 2018, with an effective date of October 31, 2018. The bill removes the fee associated with filing a Statement of Termination for a partnership, consistent with legislation enacted in 2017 that removed similar fees for dissolving other business entities. This avoids the process of having to administratively terminate the partnership. It also modernizes an existing $20 surcharge that currently is charged for filing a non-typed record. The bill also applies the surcharge to any form that is not generated by the Secretary of State’s Electronic Filing System, applying the surcharge only to documents that will require manual data entry processes. It also sets the effective date of the projected launch of the new electronic filing system.