Bill Status of HB3429  103rd General Assembly


House Sponsors
Rep. Michael T. Marron, Jeff Keicher and Tom Weber

Last Action
DateChamber Action
  2/17/2023HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
805 ILCS 5/15.35from Ch. 32, par. 15.35
805 ILCS 5/15.65from Ch. 32, par. 15.65

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.

DateChamber Action
  2/17/2023HouseFiled with the Clerk by Rep. Michael T. Marron
  2/17/2023HouseFirst Reading
  2/17/2023HouseReferred to Rules Committee
  11/16/2023HouseAdded Co-Sponsor Rep. Jeff Keicher
  11/21/2023HouseAdded Co-Sponsor Rep. Tom Weber