Date	Chamber	Action
2/9/2024	House	Referred to Rules Committee

Statutes Amended In Order of Appearance

805 ILCS 5/15.35

from Ch. 32, par. 15.35

805 ILCS 5/15.65

from Ch. 32, par. 15.65

805 ILCS 5/15.97

from Ch. 32, par. 15.97

Synopsis As Introduced
Amends the Business Corporation Act of 1983. Provides that, in the case of a domestic or foreign corporation, no payment is required for a franchise tax that would have been due and payable on or after January 1, 2025. Provides that all amounts remaining in the Corporate Franchise Tax Refund Fund shall be transferred to the General Revenue Fund no later than December 31, 2025. Repeals provisions concerning franchise taxes payable by domestic and foreign corporations on January 1, 2026. Effective immediately.

Actions 

Date	Chamber	Action
2/9/2024	House	Filed with the Clerk by Rep. Kimberly Du Buclet
2/9/2024	House	First Reading
2/9/2024	House	Referred to Rules Committee

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