Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

805 ILCS 5/13.70

from Ch. 32, par. 13.70

805 ILCS 5/14.30

from Ch. 32, par. 14.30

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

805 ILCS 5/16.05

from Ch. 32, par. 16.05

Synopsis As Introduced
Amends the Business Corporation Act of 1983. Increases from $200 to $500 the minimum base penalty for transacting business in this State without authority. Provides that a corporation that effects a change in the number of issued shares or the amount of paid-in capital prior to January 1, 2017, rather than effecting a change at any time, shall file a report regarding the issued shares or paid-in capital. Provides that franchise taxes are not payable on or after January 1, 2017. Provides that on and after January 1, 2017, a corporation that fails to file an annual report shall pay a penalty of $50 plus $10 per month or part of a month that the report is delinquent.

Actions 

Date	Chamber	Action
2/11/2016	House	Filed with the Clerk by Rep. David Harris
2/11/2016	House	First Reading
2/11/2016	House	Referred to Rules Committee
1/10/2017	House	Session Sine Die

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