FRANCHISE TAX-REPEAL

What it does

The legislature's own summary of the bill, or its official long title.

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.

Every action

10 steps, oldest first, as the legislature records them.

1. Feb 6, 2023SenateFiled with Secretary by Sen. Win Stoller
2. Feb 6, 2023SenateFirst Reading
3. Feb 6, 2023CommitteeReferred to Assignments · Senate Assignments
4. Mar 28, 2023SenateAdded as Co-Sponsor Sen. Dave Syverson
5. Mar 29, 2023SenateAdded as Chief Co-Sponsor Sen. Jason Plummer
6. Mar 30, 2023SenateAdded as Co-Sponsor Sen. Andrew S. Chesney
7. Apr 17, 2023SenateAdded as Co-Sponsor Sen. Craig Wilcox
8. Jul 18, 2023SenateAdded as Co-Sponsor Sen. Sally J. Turner
9. Jan 26, 2024SenateAdded as Co-Sponsor Sen. Neil Anderson
10. Jan 7, 2025SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 6 cosponsors: 6 Republicans.

• Win StollerR Primary sponsor · District 37