FRANCHISE TAX-REPEAL House SponsorsRep. Kimberly Du Buclet 1/7/2025HouseSession Sine Die 805 ILCS 5/15.35from Ch. 32, par. 15.35805 ILCS 5/15.65from Ch. 32, par. 15.65805 ILCS 5/15.97from Ch. 32, par. 15.97 Amends the Business Corporation Act of 1983. Provides that, in the case of a domestic or foreign corporation, no payment is required for a franchise tax that would have been due and payable on or after January 1, 2025. Provides that all amounts remaining in the Corporate Franchise Tax Refund Fund shall be transferred to the General Revenue Fund no later than December 31, 2025. Repeals provisions concerning franchise taxes payable by domestic and foreign corporations on January 1, 2026. Effective immediately. 2/9/2024HouseFiled with the Clerk by Rep. Kimberly Du Buclet 2/9/2024HouseFirst Reading 2/9/2024HouseReferred to Rules Committee 1/7/2025HouseSession Sine Die