Illinois 103rd Regular Session Status: Introduced 6 R cosponsors

SB 1406 — FRANCHISE TAX-REPEAL

Last action — Added as Co-Sponsor Sen. Neil Anderson

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 103rd Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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, 2024. Repeals the provisions on January 1, 2025. Directs the Legislative Reference Bureau to prepare a bill effecting necessary changes to conform the statutes to the changes made by the amendatory Act. Effective immediately.

Bill Text

Action History

  1. Added as Co-Sponsor Sen. Neil Anderson

  2. Added as Co-Sponsor Sen. Sally J. Turner

  3. Added as Co-Sponsor Sen. Craig Wilcox

  4. Added as Co-Sponsor Sen. Andrew S. Chesney

  5. Added as Chief Co-Sponsor Sen. Jason Plummer

  6. Added as Co-Sponsor Sen. Dave Syverson

  7. Referred to Assignments

  8. First Reading

  9. Filed with Secretary by Sen. Win Stoller

Sponsors

Sponsorship breakdown

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1 sponsors · 6 co-sponsors · 176 not signed on

Sponsors (1)

  • Win Stoller

Co-sponsors (6)

Not signed on (176)

176 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
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Frequently asked questions

What does SB 1406 do?
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, 2024. Repeals the provisions on January 1, 2025. Directs the Legislative Reference Bureau to prepare a bill effecting necessary changes to conform the statutes to the changes made by the amendatory Act. Effective immediately.
Who sponsors SB 1406?
SB 1406 is sponsored by Win Stoller, Jason Plummer (Republican), Dave Syverson (Republican), Andrew S. Chesney (Republican), Craig Wilcox (Republican), Sally J. Turner (Republican), and Neil Anderson (Republican).
What is the current status of SB 1406?
This bill died with 103rd Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 1406?
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Last checked for changes 3 months ago · updated continuously

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