SB2325Introduced in the Senate
BUSINESS CORP-FRANCHISE TAX
Introduced by Robert Martwick, District 10
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amends the Business Corporation Act of 1983. In provisions concerning the franchise tax, provides that the rate of penalties and interest on any franchise tax or fee, for which the Secretary of State provides written notice of the amount of penalties and interest owed to a corporation on or after January 1, 2026, shall be the rate of interest established under specified provisions of the Illinois Income Tax Act, and no other penalties or interest shall be imposed or charged to a corporation. Makes changes in provisions concerning the statute of limitations. Makes changes that are declaratory of existing law. Effective immediately.
Where it stands
Rule 3-9(a) / Re-referred to Assignments
May 9, 2025
How did lawmakers vote?
SenateStage: Senate Executive Committee · April 9, 2025
6
Yes
0
No
0
Absent or Not Voting
6 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Napoleon Harris | 15 | Yes |
| Elgie Sims | 17 | Yes |
| Cristina Castro | 22 | Yes |
| Laura Murphy | 28 | Yes |
| John Curran | 41 | Yes |
| David Koehler | 46 | Yes |
Bill history
Filed with Secretary by Sen. Robert F. Martwick
First Reading
Referred to Assignments
Assigned to Executive
Added as Co-Sponsor Sen. Sue Rezin
Do Pass Executive; 011-000-000
Placed on Calendar Order of 2nd Reading March 20, 2025
Added as Co-Sponsor Sen. Paul Faraci
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
Senate Floor Amendment No. 1 Referred to Assignments
Senate Floor Amendment No. 1 Assignments Refers to Executive
Second Reading
Placed on Calendar Order of 3rd Reading April 9, 2025
Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 013-000-000
Rule 2-10 Third Reading Deadline Established As May 9, 2025
Rule 3-9(a) / Re-referred to Assignments
Verify the information
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