DOMESTIC FRANCHISE TAX-REPEAL
Sponsored By: Brandun Schweizer (Republican)
In Committee
Summary
Amends the Business Corporation Act of 1983. Provides that, on or after January 1, 2027 and prior to January 1, 2028, the first $100,000 in liability is exempt from the franchise tax payable by domestic corporations. Provides that, in the case of a domestic corporation, no payment is required for a franchise tax that would have been due and payable on or after January 1, 2028. Repeals the provision concerning franchise taxes payable by domestic corporations on January 1, 2028. Effective immediately.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Brandun Schweizer
Republican • House
Cosponsors
Tony M. McCombie
Republican • House
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Rule 19(a) / Re-referred to Rules Committee
3/27/2026HouseAssigned to Revenue & Finance Committee
3/18/2026HouseAdded Co-Sponsor Rep. Tony M. McCombie
3/2/2026HouseReferred to Rules Committee
2/13/2026HouseFirst Reading
2/13/2026HouseFiled with the Clerk by Rep. Brandun Schweizer
2/6/2026House
Bill Text
Introduced
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