Michael T. Marron
- Republican
Primary
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, 2020, 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, 2020. Provides that on and after January 1, 2020, 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.
No votes to display
Rule 19(a) / Re-referred to Rules Committee
To Sales, Amusement & Other Taxes Subcommittee
Assigned to Revenue & Finance Committee
Filed with the Clerk by Rep. Michael T. Marron
First Reading
Referred to Rules Committee
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