CORPORATIONS-FRANCHISE TAX House SponsorsRep. Michael T. Marron 1/13/2021HouseSession Sine Die 805 ILCS 5/13.70from Ch. 32, par. 13.70805 ILCS 5/14.30from Ch. 32, par. 14.30805 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. 15.97805 ILCS 5/16.05from Ch. 32, par. 16.05 Amends the Business Corporation Act of 1983. Increases from $200 to $500 the minimum base penalty for transacting business in this State without authority. Provides that a corporation that effects a change in the number of issued shares or the amount of paid-in capital prior to January 1, 2020, rather than effecting a change at any time, shall file a report regarding the issued shares or paid-in capital. Provides that franchise taxes are not payable on or after January 1, 2020. Provides that on and after January 1, 2020, a corporation that fails to file an annual report shall pay a penalty of $50 plus $10 per month or part of a month that the report is delinquent. 2/15/2019HouseFiled with the Clerk by Rep. Michael T. Marron 2/15/2019HouseFirst Reading 2/15/2019HouseReferred to Rules Committee 3/5/2019HouseAssigned to Revenue & Finance Committee 3/14/2019HouseTo Sales, Amusement & Other Taxes Subcommittee 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die