Date	Chamber	Action
5/9/2025	Senate	Rule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance

805 ILCS 5/14.35

from Ch. 32, par. 14.35

805 ILCS 5/15.90

from Ch. 32, par. 15.90

805 ILCS 5/16.05

from Ch. 32, par. 16.05

Synopsis As Introduced
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.

Actions 

Date	Chamber	Action
2/7/2025	Senate	Filed with Secretary by Sen. Robert F. Martwick
2/7/2025	Senate	First Reading
2/7/2025	Senate	Referred to Assignments
3/4/2025	Senate	Assigned to Executive
3/18/2025	Senate	Added as Co-Sponsor Sen. Sue Rezin
3/19/2025	Senate	Do Pass Executive; 011-000-000
3/19/2025	Senate	Placed on Calendar Order of 2nd Reading March 20, 2025
4/2/2025	Senate	Added as Co-Sponsor Sen. Paul Faraci
4/4/2025	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
4/4/2025	Senate	Senate Floor Amendment No. 1 Referred to Assignments
4/8/2025	Senate	Senate Floor Amendment No. 1 Assignments Refers to Executive
4/8/2025	Senate	Second Reading
4/8/2025	Senate	Placed on Calendar Order of 3rd Reading April 9, 2025
4/9/2025	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 013-000-000
4/11/2025	Senate	Rule 2-10 Third Reading Deadline Established As May 9, 2025
5/9/2025	Senate	Rule 3-9(a) / Re-referred to Assignments

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