# Illinois SB2325: BUSINESS CORP-FRANCHISE TAX

Illinois SB2325, BUSINESS CORP-FRANCHISE TAX, is a 104th General Assembly (2025–2026) Senate bill sponsored by Robert F. Martwick (Democratic); status in committee, last action 2025-05-09 (Rule 3-9(a) / Re-referred to Assignments) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB2325-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB2325
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: BUSINESS CORP-FRANCHISE TAX
- Status: in committee
- Chamber: Senate
- Introduced: 2025-02-07
- Last action: 2025-05-09, Rule 3-9(a) / Re-referred to Assignments
- Sponsor: Robert F. Martwick (Democratic)
- Cosponsors: 2
- Subjects: assignments, executive
- Touches household money: no
- Roll calls: 2 (24 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Robert F. Martwick (Democratic), Senate
- Cosponsor: Paul Faraci (Democratic), Senate
- Cosponsor: Sue Rezin (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-09 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Executive; | pass | 13 | 0 |   |
| 2025-03-19 | Senate | Do Pass Executive; | pass | 11 | 0 |   |

## Actions (16)

- 2025-05-09: Rule 3-9(a) / Re-referred to Assignments (Senate)
- 2025-04-11: Rule 2-10 Third Reading Deadline Established As May 9, 2025 (Senate)
- 2025-04-09: Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 013-000-000 (Senate)
- 2025-04-08: Placed on Calendar Order of 3rd Reading April 9, 2025 (Senate)
- 2025-04-08: Second Reading (Senate)
- 2025-04-08: Senate Floor Amendment No. 1 Assignments Refers to Executive (Senate)
- 2025-04-04: Senate Floor Amendment No. 1 Referred to Assignments (Senate)
- 2025-04-04: Senate Floor Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick (Senate)
- 2025-04-02: Added as Co-Sponsor Sen. Paul Faraci (Senate)
- 2025-03-19: Placed on Calendar Order of 2nd Reading March 20, 2025 (Senate)
- 2025-03-19: Do Pass Executive; 011-000-000 (Senate)
- 2025-03-18: Added as Co-Sponsor Sen. Sue Rezin (Senate)
- 2025-03-04: Assigned to Executive (Senate)
- 2025-02-07: Referred to Assignments (Senate)
- 2025-02-07: First Reading (Senate)
- 2025-02-07: Filed with Secretary by Sen. Robert F. Martwick (Senate)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2325.pdf)
- Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2325sam001.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/SB/PDF/10400SB2325.pdf)
- [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2325sam001.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-SB2325-2025-2026 (as of 2026-11-01).