805 ILCS 5/15.55
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 5/ - Business Corporation Act of 1983.|Article 15 - Fees, Franchise Taxes And Charges

 (from Ch. 32, par. 15.55)Sec. 15.55.         Basis of computation of license fee payable by foreign  corporations.(a) The basis for the initial license fee payable by a foreign  corporation shall be the amount represented in this State, determined in  accordance with the provisions of this Section, of its paid-in capital  whenever the application for authority indicates the  corporation commenced transacting business in this State prior to January  1, 1991.(b) The basis for an additional license fee payable by a foreign  corporation, except in the case of a statutory merger, shall be the  increased amount represented in this State, determined in accordance  with the provisions of this Section, of its paid-in capital  as disclosed by the annual report, by any report of issuance of additional  shares, or of an increase in paid-in capital without the issuance of  shares, or of an exchange or reclassification of shares, or of cumulative  changes in paid-in capital, but the basis shall not include any increases  in its paid-in capital represented in this State that occur  after  both December 31, 1990 and the last  day of the third month immediately preceding its anniversary month in 1991.(c) Whenever a foreign corporation shall be a party to a statutory  merger  that becomes effective either prior to January 1, 1991 or  on or prior to the last day of the third month  immediately preceding the surviving corporation's anniversary month in  1991 and shall be the surviving corporation, the basis for an additional  license fee shall be the increased amount represented in this State,  determined in accordance with the provisions of this Section,  of the paid-in capital of the surviving corporation  immediately after the merger over the aggregate of the amounts  represented in this State of the paid-in capital of the merged corporations.(d) For the purpose of determining the amount represented in this State  of the paid-in capital of a foreign corporation that shall be a party to  a statutory merger that becomes effective either prior to  January 1, 1991 or on or prior to the last day of  the third month immediately preceding the surviving corporation's  anniversary month in 1991, the amount represented in this State shall be  that proportion of its paid-in capital that the sum of (1) the value of  its property located in this State and (2) the gross amount of business  transacted by it at or from places of business in this State bears to the  sum of (1) the value of all of its property, wherever located, and (2) the  gross amount of its business, wherever transacted.(e) The proportion represented in this State of the paid-in  capital of a foreign corporation shall be determined  from information contained in the latest annual report of the  corporation on file on the date the particular increase in paid-in  capital is shown to have been made, or, if no annual  report was on file on the date of the increase, from information  contained in the application of the corporation for  authority to transact business in this State, or, in case of a merger  that becomes effective either prior to January 1, 1991 or on or prior to  the last day of the third month immediately preceding the surviving  corporation's anniversary month in 1991, from information contained in the  report of the surviving corporation of the amount of its paid-in capital  following the merger.(f) No basis under this Section may consist of any redeemable preference  shares sold to the United States Secretary of Transportation under Sections  505 and 506 of Public Law 94-210.    (Source: P.A. 92-33, eff. 7-1-01.)