HB2846
View on ILGAFRANCHISE TAX-REPEAL
What this bill does
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, 2026. Provides that all amounts remaining in the Corporate Franchise Tax Refund Fund shall be transferred to the General Revenue Fund no later than December 31, 2026. Makes changes in provisions concerning the statute of limitations. Repeals provisions concerning franchise taxes payable by domestic and foreign corporations on January 1, 2027. Effective immediately.
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Current stage: In Committee · Last action 515 days ago · STAGNANT
How does a bill become law in Illinois?
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Introduction of Bill
A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.
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Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
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Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
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Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
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Passage and Consideration in Second Chamber
If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.
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Gubernatorial Action
The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.
Sponsor Context
Campaign finance
This is SBE campaign receipts to the people on this bill, not Moneyball and not earmarked to the bill.
Money is campaign receipts to matched candidate committees, not earmarked to this bill. Window 2025-01-01 – 2026-09-13.
Sponsor and voter funding
| Member | Role | Receipts | Total received | Top donors |
|---|---|---|---|---|
| Jeff Keicher | Chief sponsor | 243 | $282,285.09 | House Republican Organization ($39,449.80); Illinois Laborers' Legislative Committee ($37,500.00); Laborers Intl Local 32 PAC ($12,500.00) |
| Travis Weaver | Sponsor | 173 | $515,370.05 | Fortress Bank ($294,651.55); Caterpillar INC PAC ($36,000.00); Realtor PAC ($12,500.00) |
| Ryan Spain | Sponsor | 480 | $694,329.99 | Main Street Leadership PAC ($72,800.00); Associated Beer Distributors of Illinois Political Action Committee ($25,000.00); CUPAC-Credit Union Political Action Council ($23,000.00) |
| Tony M. McCombie | Sponsor | 755 | $2,812,873.48 | Engineers Political Education Committee ($385,000.00); Chicago Land Operators Joint Labor Mgmt PAC ($300,000.00); Tony McCombie ($103,629.08) |
Overlapping donors
Donors who gave to more than one sponsor or voter on this bill. Still not earmarked to the bill.
| Donor | Members | Total |
|---|---|---|
| House Republican Organization | Tony M. McCombie, Jeff Keicher | $86,198.15 |
| Realtor PAC | Tony M. McCombie, Jeff Keicher, Travis Weaver | $82,520.00 |
| Health Care Council of Illinois PAC | Tony M. McCombie, Ryan Spain | $71,350.00 |
| Associated Beer Distributors of IL PAC | Tony M. McCombie, Travis Weaver | $59,023.15 |
| Illinois Laborers' Legislative Committee | Ryan Spain, Jeff Keicher | $57,500.00 |
| IHA PAC | Tony M. McCombie, Travis Weaver | $57,000.00 |
| Accel Entertainment Gaming, LLC | Tony M. McCombie, Ryan Spain | $45,000.00 |
| Marquis Energy LLC | Tony M. McCombie, Ryan Spain | $45,000.00 |
| J & J Ventures Gaming LLC | Tony M. McCombie, Ryan Spain, Jeff Keicher | $44,000.00 |
| Donald Wilson | Tony M. McCombie, Ryan Spain | $38,500.00 |
| Ameren Illinois | Tony M. McCombie, Ryan Spain, Jeff Keicher, Travis Weaver | $36,500.00 |
| Midwest Gaming & Entertainment, LLC | Tony M. McCombie, Ryan Spain | $30,000.00 |
| Illinois Road Builders PAC | Tony M. McCombie, Ryan Spain | $27,500.00 |
| Illinois State Medical Society PAC | Tony M. McCombie, Jeff Keicher, Travis Weaver | $27,000.00 |
| AGC of Illinois PAC | Tony M. McCombie, Ryan Spain | $26,000.00 |
| Big I Illinois PAC | Tony M. McCombie, Ryan Spain, Jeff Keicher | $20,500.00 |
| John Bearce Motorsports | Ryan Spain, Travis Weaver | $18,250.00 |
| CHEMPAC | Tony M. McCombie, Ryan Spain, Jeff Keicher, Travis Weaver | $18,000.00 |
| McGuire Woods Federal PAC | Tony M. McCombie, Travis Weaver | $17,500.00 |
| McDonald's | Tony M. McCombie, Ryan Spain | $17,000.00 |
| State Farm Federal PAC | Tony M. McCombie, Ryan Spain, Jeff Keicher, Travis Weaver | $16,000.00 |
| CAR of Illinois | Tony M. McCombie, Ryan Spain, Jeff Keicher | $15,500.00 |
| Sports Betting Alliance | Tony M. McCombie, Ryan Spain, Jeff Keicher | $15,000.00 |
| Ameren Illinois PAC | Tony M. McCombie, Ryan Spain, Travis Weaver | $14,000.00 |
| DENT-IL-PAC | Tony M. McCombie, Ryan Spain, Jeff Keicher, Travis Weaver | $11,500.00 |
Top donors across these members
| Donor | Occupation | Employer | Receipts | Total |
|---|---|---|---|---|
| Engineers Political Education Committee | — | — | 2 | $385,000.00 |
| Chicago Land Operators Joint Labor Mgmt PAC | — | — | 1 | $300,000.00 |
| Fortress Bank | — | — | 4 | $294,651.55 |
| Tony McCombie | Leadership | HRO | 3 | $103,629.08 |
| House Republican Organization | — | — | 66 | $86,198.15 |
| Realtor PAC | — | — | 16 | $82,520.00 |
| Main Street Leadership PAC | — | — | 2 | $72,800.00 |
| Health Care Council of Illinois PAC | — | — | 7 | $71,350.00 |
| Associated Beer Distributors of IL PAC | — | — | 5 | $59,023.15 |
| Illinois Laborers' Legislative Committee | — | — | 5 | $57,500.00 |
| IHA PAC | — | — | 4 | $57,000.00 |
| Accel Entertainment Gaming, LLC | — | — | 4 | $45,000.00 |
| Marquis Energy LLC | — | — | 3 | $45,000.00 |
| J & J Ventures Gaming LLC | — | — | 6 | $44,000.00 |
| Donald Wilson | Founder | DRW | 3 | $38,500.00 |
| Fraternal Order of Police Lodge 7 | — | — | 3 | $37,500.00 |
| Ameren Illinois | — | — | 11 | $36,500.00 |
| Caterpillar INC PAC | — | — | 3 | $36,000.00 |
| Midwest Gaming & Entertainment, LLC | — | — | 2 | $30,000.00 |
| Southern Glazers Wine & Spirits LLC | — | — | 3 | $29,620.00 |
| Illinois Road Builders PAC | — | — | 2 | $27,500.00 |
| Illinois State Medical Society PAC | — | — | 10 | $27,000.00 |
| AGC of Illinois PAC | — | — | 4 | $26,000.00 |
| Associated Beer Distributors of Illinois Political Action Committee | — | — | 2 | $25,000.00 |
| ABBVIE PAC | — | — | 3 | $25,000.00 |
Hearings
This bill has not been scheduled for a committee hearing.
Witness slips
3 slips filed. Proponent / opponent / no position as filed with the committee.
| Name | Organization | Representing | Position | Hearing committee | Hearing date |
|---|---|---|---|---|---|
| Donovan Griffith | Illinois Manufacturers' Association | Illinois Manufacturers' Association | Proponent | Revenue & Finance | 2025-03-20 |
| Jim Long | Illinois Policy | Illinois Policy | Proponent | Tax Policy: Other Taxes Subcommitte | 2025-03-13 |
| Jerry Peck | Community Bankers Association of Illinois | Community Bankers Association of Illinois | Proponent | Revenue & Finance | 2025-03-11 |
Action History
9 actions recorded. Last action: 2025-05-13 — Added Co-SponsorRep. Tony M. McCombie. Each action's meaning and outcome signal are classified automatically.
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2025-02-05 | House | Filed with the Clerk byRep. Jeff Keicher House Rule 6(b) | Introduction & Filing | — |
| 2025-02-06 | House | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2025-02-06 | House | Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |
| 2025-03-03 | House | Added Co-SponsorRep. Travis Weaver Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-03-04 | House | Assigned toRevenue & Finance Committee Senate Rule 3-8(a); House Rule 18(b) | Committee Assignment | — |
| 2025-03-06 | House | ToTax Policy: Other Taxes Subcommittee Rule 3-3(b) | Committee Assignment | — |
| 2025-03-21 | House | Rule 19(a) / Re-referred toRules Committee House Rule 19(a); Senate analog: Rule 3-9(a) | Deadlines & Re-referrals | Mild − |
| 2025-03-21 | House | Added Co-SponsorRep. Ryan Spain Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-05-13 | House | Added Co-SponsorRep. Tony M. McCombie Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |