Rob Martwick
- Democratic
- Senator
- District 10
Primary
Amends the Business Corporation Act of 1983. In provisions concerning the franchise tax, provides that the rate of penalties and interest on any franchise tax or fee, for which the Secretary of State provides written notice of the amount of penalties and interest owed to a corporation on or after January 1, 2026, shall be the rate of interest established under specified provisions of the Illinois Income Tax Act, and no other penalties or interest shall be imposed or charged to a corporation. Makes changes in provisions concerning the statute of limitations. Makes changes that are declaratory of existing law. Effective immediately.
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Third Reading Deadline Established As May 9, 2025
Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 013-000-000
Senate Floor Amendment No. 1 Assignments Refers to Executive
Placed on Calendar Order of 3rd Reading April 9, 2025
Second Reading
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
Senate Floor Amendment No. 1 Referred to Assignments
Added as Co-Sponsor Sen. Paul Faraci
Do Pass Executive; 011-000-000
Placed on Calendar Order of 2nd Reading March 20, 2025
Added as Co-Sponsor Sen. Sue Rezin
Assigned to Executive
Filed with Secretary by Sen. Robert F. Martwick
Referred to Assignments
First Reading
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Senate Amendment 001 | HTML PDF |
| Document | Format |
|---|---|
| No related documents. |
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