IL HB0391 | 2015-2016 | 99th General Assembly
Status
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Introduced on January 28 2015 - 25% progression, died in committee
Action: 2015-03-27 - House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 28 2015 - 25% progression, died in committee
Action: 2015-03-27 - House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Business Corporation Act of 1983. Removes the terms "franchise tax" and "franchise taxes" from the provisions of the Act. Repeals provisions concerning (i) franchise taxes payable by domestic and foreign corporations; (ii) the basis for computation of franchise taxes payable by domestic and foreign corporations; (iii) the rates of franchise taxes payable by domestic and foreign corporations; and (iv) computation and collection of annual franchise taxes by the Secretary of State. Makes other changes. Amends the Public Utilities Act, the State Housing Act, and the Illinois Vehicle Code by changing all references to franchise taxes imposed under the Business Corporation Act of 1983 to conform with the changes made to the Business Corporation Act of 1983 under the amendatory Act. Effective immediately.
Title
CORPORATIONS-FRANCHISE TAXES
Sponsors
| Rep. David Harris [R] | Rep. Robert Pritchard [R] | Rep. Margo McDermed [R] | Rep. Reginald Phillips [R] |
| Rep. Carol Sente [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-27 | House | House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee |
| 2015-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2015-03-19 | House | Added Co-Sponsor Rep. Carol Sente |
| 2015-03-11 | House | Added Co-Sponsor Rep. Reginald Phillips |
| 2015-03-11 | House | Added Co-Sponsor Rep. Margo McDermed |
| 2015-03-04 | House | House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee |
| 2015-03-03 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2015-03-03 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. David Harris |
| 2015-02-20 | House | To Sales and Other Taxes Subcommittee |
| 2015-02-13 | House | Assigned to Revenue & Finance Committee |
| 2015-02-06 | House | Added Chief Co-Sponsor Rep. Robert W. Pritchard |
| 2015-01-28 | House | Referred to Rules Committee |
| 2015-01-28 | House | First Reading |
| 2015-01-28 | House | Filed with the Clerk by Rep. David Harris |
