# Illinois SB3441: FRANCHISE TAX-REPEAL

Illinois SB3441, FRANCHISE TAX-REPEAL, is a 104th General Assembly (2025–2026) Senate bill sponsored by Dave Syverson (Republican); status in committee, last action 2026-03-04 (Added as Co-Sponsor Sen. Chris Balkema) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB3441-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB3441
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: FRANCHISE TAX-REPEAL
- Status: in committee
- Chamber: Senate
- Introduced: 2026-02-04
- Last action: 2026-03-04, Added as Co-Sponsor Sen. Chris Balkema
- Sponsor: Dave Syverson (Republican)
- Cosponsors: 1
- Subjects: assignments
- 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 and after January 1, 2029. 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, 2030. Makes changes in provisions concerning the statute of limitations. Repeals provisions concerning franchise taxes payable by domestic and foreign corporations on January 1, 2030. Effective immediately.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Dave Syverson (Republican), Senate
- Cosponsor: Chris Balkema (Republican), Senate

## Actions (4)

- 2026-03-04: Added as Co-Sponsor Sen. Chris Balkema (Senate)
- 2026-02-04: Referred to Assignments (Senate)
- 2026-02-04: First Reading (Senate)
- 2026-02-04: Filed with Secretary by Sen. Dave Syverson (Senate)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB3441.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/10400SB3441.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-SB3441-2025-2026 (as of 2026-11-01).