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Bill

SB 2325

BUSINESS CORP-FRANCHISE TAX

104th Regular Session Introduced by Paul Faraci and 2 co-sponsors

SB 2325 modifies Illinois's business corporation franchise tax with Senate amendments; currently pending assignment after missing third reading deadline in May 2025.

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WeVote Research Nonpartisan
Bill Summary · SB 2325

Legislative bill overview

SB 2325 modifies Illinois's business corporation franchise tax structure. The bill has undergone Senate floor amendments and is currently in the assignment process after missing its third reading deadline. Specific provisions are not detailed in the available action history, making complete assessment difficult.

Why is this important

Franchise taxes directly affect business operating costs and state revenue collection. Changes to this tax structure could influence business formation decisions, corporate headquarters location choices, and state budget projections—with ripple effects across Illinois's business climate and fiscal planning.

Potential points of contention

  • Tax burden redistribution: Unclear whether changes increase or decrease overall tax obligations for different business sizes/sectors, affecting competitiveness
  • Revenue impact: State budget implications depend on whether the franchise tax modification generates more or less revenue than current law
  • Compliance complexity: Tax structure changes may create administrative burdens for businesses and the Department of Revenue during implementation

Compiled from official sources — confirm details with the bill’s official record.

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