2023-2024 Regular Session • Illinois Legislature
HB3429: CORPORATIONS-FRANCHISE TAX
Legislative Summary
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 History
2/17/2023
Filed with the Clerk by Rep. Michael T. Marron
House of Representatives
2/17/2023
First Reading
House of Representatives
2/17/2023
Referred to Rules Committee
House of Representatives
11/16/2023
Added Co-Sponsor Rep. Jeff Keicher
House of Representatives
11/21/2023
Added Co-Sponsor Rep. Tom Weber
House of Representatives
Status Information
Current Status
Introduced(2/17/2023)
Chamber
House of Representatives
Committee
Rules(House of Representatives)
