Bill Status of HB3429 103rd General Assembly
Short Description: CORPORATIONS-FRANCHISE TAX
Rep. Michael T. Marron, Jeff Keicher and Tom Weber
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Business Corporation Act of 1983. Provides for the reduction of franchise tax liabilities for domestic and foreign corporations beginning January 1, 2024. Repeals provisions concerning franchise taxes payable by domestic and foreign corporations on December 31, 2026. Effective immediately.