California
Senate Bill 253 (Chapter 382) signed by the governor October 7 enacted the Climate Corporate Data Accountability Act that requires any business entity with revenue in excess of $1 billion that does business in California to publicly report starting in 2026 annual greenhouse gas emissions as specified by the California Air Resources Board in regulations to be adopted prior to January 1, 2025.
Assembly Bill 1116 (Chapter 463) signed by the governor October 8 makes changes to the Money Transmission Act to align with the Conference of State Banking Supervisors model legislation and requires licensees to comply with new provisions effective January 1, 2025.
Assembly Bill 39 (Chapter 792) signed by the governor October 13 establishes a licensing and regulatory framework administered by the Department of Financial Protection and Innovation effective July 1, 2025, for digital financial business activity. Digital financial asset is defined as a digital representation of value that is used as a medium of exchange, unit of account, or store of value and that is not legal tender whether denominated in legal tender.
Assembly Bill 2908 (Chapter 2024-151) signed by the governor July 18 and effective January 1, 2025, deleted the sunset expiration date of December 31, 2025, for provisions of existing law authorizing remote meetings of shareholders by electronic communications.
Senate Bill 900 (Chapter No. 2024-288) signed by the governor September 19 and effective January 1, 2025, amends the Davis-Stirling Common Interest Development Act governing the management and operation and common interest developments relating to emergency situations involving extraordinary repair and maintenance expenses.
Assembly Bill 1862 (Chapter 2024-361) signed by the governor September 22 and effective January 1, 2025, extends from 2026 to 2034 provisions of existing law to authorize limited liability partnerships to engage in the practice of engineering, land surveying and architecture.
Assembly Bill 2460 (Chapter 2024-401) signed by the governor September 22 and effective January 1, 2025, amends election procedures and governance requirements for common interest development associations under the Davis-Stirling Common Interest Development Act.
Senate Bill 577 (Chapter 2024-444) signed by the governor September 22 and effective January 1, 2025, makes technical and cleanup changes to the insurance code. Section 8 of the bill modifies provisions for service of process on the insurance commissioner, the commissioner’s deputy or the commissioner’s designated agent for service of process.
Senate Bill 1451 (Chapter 2024-481) signed by the governor September 22 and effective January 1, 2025, amends existing law relating to expedited licensure processing for certain professions and vocations in the Business and Professions Code.
Senate Bill 1454 (Chapter 2024-484) signed by the governor September 22 and effective January 1, 2025, extends from 2025 to 2029 the Bureau of Security and Investigative Services within the Department of Consumer Affairs for regulation of locksmiths, repossessors, private investigators, security services, and alarm company operators and agents.
Senate Bill 1455 (Chapter 2024-485) signed by the governor September 22 and effective January 1, 2025, extends the sunset date until 2029 for the Contractors State License Board within the Department of Consumer Affairs and makes certain technical, clarifying and confirming changes.
Senate Bill 219 (Chapter 2024-766) signed by the governor September 27 and effective January 1 amends the Climate Corporate Data Accountability Act to delay from January 1 until July 1 the deadline for the state board to issue regulations for reporting entities to make annual disclosures to the state board or an emissions reporting organization.
Senate Bill 1168 (Chapter 2024-783) signed by the governor September 28 and effective January 1 permits a person who believes their personally identifying information (PII) was unlawfully used in a business entity filing may file in the office of the Secretary of State a notice of public disclaimer to alert the public and caution against involvement with a potentially fraudulent entity. If a court finds the entity unlawfully used a person’s PII, the Secretary of State may cancel the entity if the entity does not file a Statement of Information within 60 days to update their filings to remove the unlawful PII.
Connecticut
Senate Bill 428 (Public Act No. 24-111) signed by the governor June 4 and effective January 1, 2025, relates to business registrations filed with the Secretary of State. Among the changes are: business entities must include a valid electronic email address and NAICS code in certain filings; foreign LLCs must deliver a certificate of existence from the jurisdiction of formation with a foreign registration certificate or name change amendment; amended annual reports must be filed if the information changes after the most current annual report filing and within 30 days before the month the next annual report is due; the Secretary of State is authorized to require online filings and allow paper filings only if the filer establishes online submission is impractical; the Secretary of State must use email notifications to take certain actions such as administrative dissolution; and the trade name law is expanded to standardize application forms and limit trade name validity to five years.
Delaware
House Bill 154 (Chapter 197) signed by the governor September 11 and effective January 1, 2025 created a Personal Data Privacy Act to delineate a consumer’s personal data rights and provide that Delaware residents will have the right to know what information is being collected about them, see the information, correct any inaccuracies, or request deletion of their personal data that is being maintained by entities or people. The act is modeled after existing frameworks for data privacy in other states and will apply to entities that conduct business in Delaware who controlled or processed the personal data of not less than 35,000 consumers or controlled or processed the personal data of not less than 10,000 consumers and derived more than 20 percent of their gross revenue from the sale of personal data.
Illinois
House Bill 4951 (Public Act 103-0592) signed by the governor June 7 modified state income, franchise and sales/use tax laws in revenue omnibus legislation. Among other changes the current franchise tax exemption of $5,000.00 for annual reports due for the remainder of 2024 increases to $10,000.00 effective for annual reports due on or after January 1, 2025.
Senate Bill 2930 (Public Act 635) signed by the governor July 1 and effective January 1, 2025 amends the General Not for Profit Corporation Act to require corporations that report grants of $1 million to other charitable organizations, within 30 days after filing its annual AG990 charitable organization annual report, to post on a publicly available website for at least 3 years the aggregated demographic information of the corporation’s directors and officers including race, ethnicity, gender, disability status, veteran status, sexual orientation and gender identity.
Senate Bill 694 (Public Act 844) signed by the governor August 9 and effective January 1, 2025, relates to county recorder fees.
Kansas
House Bill 2247 signed by the governor March 29 and effective January 1, 2025, amends certain licensing requirements in the Mortgage Business Act and also amends the Uniform Consumer Credit Act.
Nebraska
Legislative Bill 1074 signed by the governor April 17 and effective January 1, 2025, enacted a consumer data privacy act.
Legislative Bill 1301 signed by the governor April 16 and effective January 1, 2025, adopted the foreign-owned real estate national security act and modernizes existing statutes relating to the state’s restrictions on foreign persons or foreign-owned companies from owning agricultural land.
New Hampshire
House Bill 645 (Chapter 263) signed by the governor July 26 and effective July 1, 2025, establishes decentralized autonomous organizations (DAOs) as legal entities and provides for the Secretary of State to administer a DAO registry.
New York
Senate Bill 995-B and Assembly Bill 3484 (Chapter 772) signed by the governor December 22, 2023, and effective December 22, 2024, requires limited liability companies to disclose beneficial ownership information (BOI) to the Department of State when filing articles of organization and amendments for NY domestic LLCs and applications for authority and amendments for foreign LLCs registered in NY. LLCs may file in New York their initial BOI report to FinCEN under the federal Corporate Transparency Act effective January 1, 2024. LLCs exempt from the federal BOI reporting requirement shall file a statement signed by a LLC member or manager by January 1, 2025. Beneficial owners’ personal information shall be confidential except for purposes of law enforcement or when required to be disclosed pursuant to court order.
Ohio
House Bill 509 (Session Law No. 164) signed by the governor January 5 effective December 31, 2024, eliminates the fund raising counsel registration requirement with the Attorney General among other changes to streamline occupational licensing regulations.
Pennsylvania
Senate Bill 1319 (Act No. 144) signed by the governor October 31 and effective December 31 amends the Architects Licensure Law to update continuing education requirements and establish professional certification requirements for interior designers.
Rhode Island
House Bill 7424 and Senate Bill 2739 signed by the governor June 25 and effective January 1, 2025 changes the term “assumed name” to “trade name” and centralizes the filing, administration and regulation process of trade names to the Secretary of State including an annual trade name renewal filing.
Virginia
Senate Bill 214 (Chapter 500) signed by the governor April 4 and effective January 1, 2025, relates to service of garnishment summons upon corporation, limited liability company, limited partnership or financial institution.
