Illinois House Bill 6153 (Prior Session Legislation)

---

Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 11 2016 - 25% progression, died in committee
Action: 2016-02-11 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Business Corporation Act of 1983. Increases from $200 to $500 the minimum base penalty for transacting business in this State without authority. Provides that a corporation that effects a change in the number of issued shares or the amount of paid-in capital prior to January 1, 2017, rather than effecting a change at any time, shall file a report regarding the issued shares or paid-in capital. Provides that franchise taxes are not payable on or after January 1, 2017. Provides that on and after January 1, 2017, a corporation that fails to file an annual report shall pay a penalty of $50 plus $10 per month or part of a month that the report is delinquent.

CORPORATIONS-FRANCHISE TAX

Rep. David Harris [R]

Date	Chamber	Action
2016-02-11	House	Referred to Rules Committee
2016-02-11	House	First Reading
2016-02-11	House	Filed with the Clerk by Rep. David Harris

Chapter	Article	Section	Citation Type	Statute Text
805	5	13.70	Amended Code	Citation Text
805	5	14.30	Amended Code	Citation Text
805	5	15.35	Amended Code	Citation Text
805	5	15.65	Amended Code	Citation Text
805	5	15.97	Amended Code	Citation Text
805	5	16.05	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=6153&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB6153.htm