# Illinois HB2846: FRANCHISE TAX-REPEAL

Illinois HB2846, FRANCHISE TAX-REPEAL, is a 104th General Assembly (2025–2026) House bill sponsored by Jeff Keicher (Republican); status in committee, last action 2025-05-13 (Added Co-Sponsor Rep. Tony M. McCombie) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB2846-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB2846
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: FRANCHISE TAX-REPEAL
- Status: in committee
- Chamber: House
- Introduced: 2025-02-05
- Last action: 2025-05-13, Added Co-Sponsor Rep. Tony M. McCombie
- Sponsor: Jeff Keicher (Republican)
- Cosponsors: 3
- Subjects: revenue & finance
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Jeff Keicher (Republican), House
- Cosponsor: Ryan Spain (Republican), House
- Cosponsor: Tony M. McCombie (Republican), House
- Cosponsor: Travis Weaver (Republican), House

## Actions (9)

- 2025-05-13: Added Co-Sponsor Rep. Tony M. McCombie (House)
- 2025-03-21: Added Co-Sponsor Rep. Ryan Spain (House)
- 2025-03-21: Rule 19(a) / Re-referred to Rules Committee (House)
- 2025-03-06: To Tax Policy: Other Taxes Subcommittee (House)
- 2025-03-04: Assigned to Revenue & Finance Committee (House)
- 2025-03-03: Added Co-Sponsor Rep. Travis Weaver (House)
- 2025-02-06: Referred to Rules Committee (House)
- 2025-02-06: First Reading (House)
- 2025-02-05: Filed with the Clerk by Rep. Jeff Keicher (House)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB2846.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB2846.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-HB2846-2025-2026 (as of 2026-11-01).