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 the provisions 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]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-02-06	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1406

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1406 currently on file.

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