Bill 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 those Sections 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.

Spectrum: Partisan Bill (Republican 7-0)

Status: (Introduced) 2024-01-26 - Added as Co-Sponsor Sen. Neil Anderson [SB1406 Detail]

Text: Latest bill text (Introduced) [HTML]

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