· IL legislature · 104th

DOMESTIC FRANCHISE TAX-REPEAL

Amends the Business Corporation Act of 1983. Provides that, on or after January 1, 2027 and prior to January 1, 2028, the first $100,000 in liability is exempt from the franchise tax payable by domestic corporations. Provides that, in the case of a domestic corporation, no payment is required for a franchise tax tha…

Sponsor

Brandun Schweizer (R-IL)

Introduced

2026-02-06

Policy area

Taxation

Latest action

Rule 19(a) / Re-referred to Rules Committee