SB2325
View on ILGABUSINESS CORP-FRANCHISE TAX
What this bill does
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.
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Pipeline Progress
Current stage: Floor Vote · Last action 428 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
Witness slips
6 slips filed. Proponent / opponent / no position as filed with the committee.
| Name | Organization | Representing | Position | Hearing committee | Hearing date |
|---|---|---|---|---|---|
| Ben Jackson | Illinois Bankers Association | Illinois Bankers Association | Proponent | Executive | 2025-03-19 |
| Carolyn Settanni | Illinois Bankers Association | Illinois Bankers Association | Proponent | Executive | 2025-03-19 |
| Jerry Peck | Community Bankers Association of Illinois | Community Bankers Association of Illinois | Proponent | Executive | 2025-03-19 |
| Terry McConville | Illinois Secretary of State | Illinois Secretary of State | Opponent | Executive | 2025-03-19 |
| Carolyn Settanni | Illinois Bankers Association | Illinois Bankers Association | Proponent | Executive | 2025-04-09 |
| Terry McConville | Illinois Secretary of State | Illinois Secretary of State | Opponent | Executive | 2025-04-09 |
Roll-call votes
Total votes and outcome per event. Deciding vote = margin of 1; those voters on the winning side could have changed the outcome by flipping.
| Date | Chamber | Type | Description | Yea | Nay | Present | NV | Outcome | Margin | Deciding voters |
|---|---|---|---|---|---|---|---|---|---|---|
| S | Committee | Executive | 11 | 0 | 0 | 2 | Passed | 11 | — |
Action History
16 actions recorded. Last action: 2025-05-09 — Rule 3-9(a) / Re-referred toAssignments. Each action's meaning and outcome signal are classified automatically.
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2025-02-07 | Senate | Filed with Secretary bySen. Robert F. Martwick Rule 2-7(b) | Introduction & Filing | — |
| 2025-02-07 | Senate | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2025-02-07 | Senate | Referred toAssignments Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |
| 2025-03-04 | Senate | Assigned toExecutive Senate Rule 3-8(a); House Rule 18(b) | Committee Assignment | — |
| 2025-03-18 | Senate | Added as Co-SponsorSen. Sue Rezin Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-03-19 | Senate | Do PassExecutive; 011-000-000 Rule 3-11(a)(1), Rule 3-12(a) | Committee Action | Positive |
| 2025-03-19 | Senate | Placed on Calendar Order of 2nd Reading March 20, 2025 Rule 3-12(a), Rule 4-4(7) | Floor Process | Positive |
| 2025-04-02 | Senate | Added as Co-SponsorSen. Paul Faraci Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-04 | Senate | Senate Floor Amendment No. 1 Filed with Secretary bySen. Robert F. Martwick | Amendment Actions | — |
| 2025-04-04 | Senate | Senate Floor Amendment No. 1 Referred toAssignments | Amendment Actions | — |
| 2025-04-08 | Senate | Senate Floor Amendment No. 1 Assignments Refers toExecutive | Amendment Actions | — |
| 2025-04-08 | Senate | Second Reading Senate Rule 3-12(a)/5-4(a); House Rule 24(a)/40(b) | Floor Process | Positive |
| 2025-04-08 | Senate | Placed on Calendar Order of 3rd Reading April 9, 2025 Rule 4-4(8) | Floor Process | Positive |
| 2025-04-09 | Senate | Senate Floor Amendment No. 1 Recommend Do AdoptExecutive; 013-000-000 | Amendment Actions | — |
| 2025-04-11 | Senate | Rule 2-10 Third Reading Deadline Established As May 9, 2025 Rule 2-10(a)(5-6) | Deadlines & Re-referrals | — |
| 2025-05-09 | Senate | Rule 3-9(a) / Re-referred toAssignments Rule 3-9(a) | Deadlines & Re-referrals | Mild − |