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<xml>
<title>Illinois General Assembly - Bill Status for HB 391          </title>
<shortdesc>CORPORATIONS-FRANCHISE TAXES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. David Harris-Robert W. Pritchard, Margo McDermed, Reginald Phillips and Carol Sente</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>220 ILCS 5/4-204</reference><aliasreference>from Ch. 111 2/3, par. 4-204</aliasreference><reference>310 ILCS 5/4</reference><aliasreference>from Ch. 67 1/2, par. 154</aliasreference><reference>625 ILCS 5/18a-200</reference><aliasreference>from Ch. 95 1/2, par. 18a-200</aliasreference><reference>625 ILCS 5/18c-1704</reference><aliasreference>from Ch. 95 1/2, par. 18c-1704</aliasreference><reference>805 ILCS 5/1.17</reference><aliasreference>from Ch. 32, par. 1.17</aliasreference><reference>805 ILCS 5/1.70</reference><aliasreference>from Ch. 32, par. 1.70</aliasreference><reference>805 ILCS 5/1.80</reference><aliasreference>from Ch. 32, par. 1.80</aliasreference><reference>805 ILCS 5/2.10</reference><aliasreference>from Ch. 32, par. 2.10</aliasreference><reference>805 ILCS 5/9.05</reference><aliasreference>from Ch. 32, par. 9.05</aliasreference><reference>805 ILCS 5/9.20</reference><aliasreference></aliasreference><reference>805 ILCS 5/12.20</reference><aliasreference>from Ch. 32, par. 12.20</aliasreference><reference>805 ILCS 5/12.35</reference><aliasreference>from Ch. 32, par. 12.35</aliasreference><reference>805 ILCS 5/12.45</reference><aliasreference>from Ch. 32, par. 12.45</aliasreference><reference>805 ILCS 5/13.15</reference><aliasreference>from Ch. 32, par. 13.15</aliasreference><reference>805 ILCS 5/13.45</reference><aliasreference>from Ch. 32, par. 13.45</aliasreference><reference>805 ILCS 5/13.50</reference><aliasreference>from Ch. 32, par. 13.50</aliasreference><reference>805 ILCS 5/13.60</reference><aliasreference>from Ch. 32, par. 13.60</aliasreference><reference>805 ILCS 5/13.70</reference><aliasreference>from Ch. 32, par. 13.70</aliasreference><reference>805 ILCS 5/14.01</reference><aliasreference>from Ch. 32, par. 14.01</aliasreference><reference>805 ILCS 5/14.05</reference><aliasreference>from Ch. 32, par. 14.05</aliasreference><reference>805 ILCS 5/14.15</reference><aliasreference>from Ch. 32, par. 14.15</aliasreference><reference>805 ILCS 5/14.20</reference><aliasreference>from Ch. 32, par. 14.20</aliasreference><reference>805 ILCS 5/14.25</reference><aliasreference>from Ch. 32, par. 14.25</aliasreference><reference>805 ILCS 5/14.30</reference><aliasreference>from Ch. 32, par. 14.30</aliasreference><reference>805 ILCS 5/14.35</reference><aliasreference>from Ch. 32, par. 14.35</aliasreference><reference>805 ILCS 5/Art. 15 heading</reference><aliasreference></aliasreference><reference>805 ILCS 5/15.05</reference><aliasreference>from Ch. 32, par. 15.05</aliasreference><reference>805 ILCS 5/15.50</reference><aliasreference>from Ch. 32, par. 15.50</aliasreference><reference>805 ILCS 5/15.85</reference><aliasreference>from Ch. 32, par. 15.85</aliasreference><reference>805 ILCS 5/15.90</reference><aliasreference>from Ch. 32, par. 15.90</aliasreference><reference>805 ILCS 5/15.97</reference><aliasreference>from Ch. 32, par. 15.97</aliasreference><reference>805 ILCS 5/16.05</reference><aliasreference>from Ch. 32, par. 16.05</aliasreference><reference>805 ILCS 5/15.35 rep.</reference><aliasreference></aliasreference><reference>805 ILCS 5/15.40 rep.</reference><aliasreference></aliasreference><reference>805 ILCS 5/15.45 rep.</reference><aliasreference></aliasreference><reference>805 ILCS 5/15.65 rep.</reference><aliasreference></aliasreference><reference>805 ILCS 5/15.70 rep.</reference><aliasreference></aliasreference><reference>805 ILCS 5/15.75 rep.</reference><aliasreference></aliasreference><reference>805 ILCS 5/15.80 rep.</reference><aliasreference></aliasreference><SynopsisText>     Amends the Business Corporation Act of 1983. Removes the terms "franchise tax" and "franchise taxes" from the provisions of the Act. Repeals provisions concerning (i) franchise taxes payable by domestic and foreign corporations; (ii) the basis for computation of franchise taxes payable by domestic and foreign corporations; (iii) the rates of franchise taxes payable by domestic and foreign corporations; and (iv) computation and collection of annual franchise taxes by the Secretary of State. Makes other changes. Amends the Public Utilities Act, the State Housing Act, and the Illinois Vehicle Code by changing all references to franchise taxes imposed under the Business Corporation Act of 1983 to conform with the changes made to the Business Corporation Act of 1983 under the amendatory Act. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. David Harris</action>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/28/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/6/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Robert W. Pritchard</action>
<statusdate>2/13/2015</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/20/2015</statusdate><chamber>House</chamber><action>To Sales and Other Taxes Subcommittee</action>
<statusdate>3/3/2015</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. David Harris</action>
<statusdate>3/3/2015</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/4/2015</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/11/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Margo McDermed</action>
<statusdate>3/11/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Reginald Phillips</action>
<statusdate>3/19/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Carol Sente</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

