Illinois Code | Chapter 805 Article 5 Section 15.35 | Bills

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ILSB2276Intro
25%
Amends the Illinois Income Tax Act. Provides that a limitation on carryover deductions for corporations applies for taxable years ending on or after December 31, 2024 and prior to December 31, 2025 (currently, December 31, 2027). Amends the Business ...
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2025-02-07
To Senate Assignments Committee
ILHB2861Intro
25%
Amends the Business Corporation Act of 1983. Provides that, on or after January 1, 2026 and prior to January 1, 2027, the first $100,000 in liability is exempt from the franchise tax payable by domestic corporations. Provides that, in the case of a d...
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2025-02-06
To House Rules Committee
ILHB2846Intro
25%
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, 2026. Provides that all amounts remai...
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2025-02-06
To House Rules Committee
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