IL HB3576 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 19 2021 - 25% progression, died in committee
Action: 2021-04-23 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
Status: Introduced on February 19 2021 - 25% progression, died in committee
Action: 2021-04-23 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
Amends the Business Corporation Act of 1983. Authorizes shareholder meetings to be held by means of remote communication. Provides for the combination of corporations and limited liability entities rather than limited liability companies and partnerships. Provides for reports of interim changes of corporations. Accelerates the repeal of provisions relating to franchise taxes from 2025 to 2024. Delays repeal of the corporate franchise tax refund fund from 2022 to 2024. Amends the Benefit Corporation Act to provide that a benefit corporation may be organized under the laws of another state. Amends the Uniform Limited Partnership Act (2001) to provide that filing of annual renewal reports and requests for certificates of existence shall be made in real time only, without expedited services available.
Title
BUSINESS ORGANIZATIONS VARIOUS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-04-23 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2021-04-13 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2021-04-13 | House | Second Reading - Short Debate |
| 2021-04-08 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2021-03-25 | House | Do Pass / Short Debate Revenue & Finance Committee; 018-000-000 |
| 2021-03-25 | House | Added Chief Co-Sponsor Rep. Carol Ammons |
| 2021-03-23 | House | Chief Sponsor Changed to Rep. Debbie Meyers-Martin |
| 2021-03-16 | House | Assigned to Revenue & Finance Committee |
| 2021-02-22 | House | Referred to Rules Committee |
| 2021-02-22 | House | First Reading |
| 2021-02-19 | House | Filed with the Clerk by Rep. Carol Ammons |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 805 | 215 | 1308 | Amended Code | Citation Text |
| 805 | 40 | 1.10 | Amended Code | Citation Text |
| 805 | 40 | 2.01 | Amended Code | Citation Text |
| 805 | 5 | 11.39 | Amended Code | Citation Text |
| 805 | 5 | 14.13 | New Code | See Bill Text |
| 805 | 5 | 15.10 | Amended Code | Citation Text |
| 805 | 5 | 15.35 | Amended Code | Citation Text |
| 805 | 5 | 15.97 | Amended Code | Citation Text |
| 805 | 5 | 7.05 | Amended Code | Citation Text |
