Bill Title: 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, 2024. Repeals those Sections on January 1, 2025. Directs the Legislative Reference Bureau to prepare a bill effecting necessary changes to conform the statutes to the changes made by the amendatory Act. Effective immediately.
Spectrum: Partisan Bill (Republican 7-0)
Status: (Introduced) 2024-01-26 - Added as Co-Sponsor Sen. Neil Anderson
[SB1406 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2023-02-06 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois SB1406 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois SB1406 currently on file. |
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