HB 3429

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Corporations-Franchise Tax

Abstract

Amends the Business Corporation Act of 1983. Provides for the reduction of franchise tax liabilities for domestic and foreign corporations beginning January 1, 2024. Repeals provisions concerning franchise taxes payable by domestic and foreign corporations on December 31, 2026. Effective immediately.

Bill Sponsors (3)

Votes


No votes to display

Actions


Nov 21, 2023

House

Added Co-Sponsor Rep. Tom Weber

Nov 16, 2023

House

Added Co-Sponsor Rep. Jeff Keicher

Feb 17, 2023

House

Filed with the Clerk by Rep. Michael T. Marron

House

First Reading

House

Referred to Rules Committee

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.