CORPORATIONS-FRANCHISE TAX House SponsorsRep. Michael T. Marron, Jeff Keicher and Tom Weber 1/7/2025HouseSession Sine Die 805 ILCS 5/15.35from Ch. 32, par. 15.35805 ILCS 5/15.65from Ch. 32, par. 15.65 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. 2/17/2023HouseFiled with the Clerk by Rep. Michael T. Marron 2/17/2023HouseFirst Reading 2/17/2023HouseReferred to Rules Committee 11/16/2023HouseAdded Co-Sponsor Rep. Jeff Keicher 11/21/2023HouseAdded Co-Sponsor Rep. Tom Weber 1/7/2025HouseSession Sine Die