805 ILCS 5/15.45
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. 15.45)Sec. 15.45. Rate of franchise taxes payable by domestic corporations.(a) The annual franchise tax payable by each domestic corporation  shall be computed at the rate of 1/12 of 1/10 of 1% for each calendar month  or fraction thereof for the period commencing on the first day of July 1983  to the first day of the anniversary month in 1984, but in no event shall  the amount of the annual franchise tax be less than $2.08333 per month assessed  on a minimum of $25 per annum or more than $83,333.333333 per month;  commencing on January 1, 1984 to the first day of the anniversary month in  2004, the annual franchise tax payable by each domestic  corporation  shall be computed at the rate of 1/10 of 1% for the 12-months' period  commencing on the first day of the anniversary month or, in  cases where  a corporation has established an extended filing month, the extended filing  month of the corporation, but in no event shall the amount of the annual  franchise tax be less than $25 nor more than $1,000,000 per annum; commencing  with the first anniversary month that occurs after December,  2003,  the annual franchise tax payable by each domestic corporation shall be computed  at the rate of 1/10 of 1% for the 12-months' period commencing on the first day  of the anniversary month or, in cases where a corporation has established  an  extended filing month, the extended filing month of the corporation, but in  no event shall the amount of the annual franchise tax be less than $25 nor more  than $2,000,000 per annum.(b) The annual franchise tax payable by each domestic corporation at the  time of filing a statement of election and interim annual report in  connection with an anniversary month prior to January, 2004 shall be  computed at the rate of 1/10 of 1% for the 12 month period commencing on  the first day of the anniversary month of the corporation next following  such filing, but in no event shall the amount of the annual franchise tax  be less than $25 nor more than $1,000,000 per annum; commencing with the  first anniversary month that occurs after December,  2003,  the annual franchise tax payable by each domestic corporation at the time of  filing a statement of election and interim annual report shall be computed  at the rate of 1/10 of 1% for the 12-month period commencing on the first day  of the anniversary month of the corporation next following such filing, but in  no event shall the amount of the annual   franchise tax be less than $25 nor more  than $2,000,000 per annum.(c) The annual franchise tax payable at the time of filing the final  transition annual report in connection with an anniversary month prior to  January, 2004 shall be an amount equal to (i) 1/12 of 1/10 of 1%  per month of the proportion of paid-in capital represented in this State as  shown in the final transition annual report multiplied by (ii) the number  of months commencing with the anniversary month next following the filing  of the statement of election until, but excluding, the second extended  filing month, less the annual franchise tax theretofore paid at the time of  filing the statement of election, but in no event shall the amount of the  annual franchise tax be less than $2.08333 per month assessed on a minimum  of $25 per annum or more than $83,333.333333 per month; commencing with the  first anniversary month that occurs after December,  2003,  the annual franchise tax payable at the time of filing the final transition  annual report shall be an amount equal to (i) 1/12 of 1/10 of 1% per month of  the proportion of paid-in capital represented in this State as shown in the  final transition annual report multiplied by (ii) the number of months  commencing with the anniversary month next following the filing of the  statement of election until, but excluding, the second extended filing month,  less the annual franchise tax theretofore paid at the time of filing the  statement of election, but in no event shall the amount of the annual franchise  tax be less than $2.08333 per month assessed on a minimum of $25 per annum or  more than $166,666.666666 per month.(d) The initial franchise tax payable after January 1, 1983, but prior  to  January 1, 1991, by each domestic corporation shall be computed at the rate  of 1/10 of 1% for the 12 months' period commencing on the first day of the  anniversary month in which the articles of incorporation are filed by   the corporation under Section 2.10 of this Act, but in no event shall  the franchise tax be less than $25 nor more than $1,000,000 per annum.  The initial franchise tax payable on or after January 1, 1991, but prior to  January 1, 2004, by each  domestic corporation shall be computed at the rate of 15/100 of 1% for the  12 month period commencing on the first day of the anniversary month in  which the articles of incorporation are filed in  accordance  with  Section 2.10 of this Act, but in no event shall the initial franchise tax  be less than $25 nor more than $1,000,000 per annum plus 1/20th of 1% of  the basis therefor.  The initial franchise tax payable on or after January 1, 2004, by each  domestic corporation shall be computed at the rate of 15/100 of 1% for the  12-month period commencing on the first day of the anniversary month in which  the  articles of incorporation are filed in accordance with Section 2.10 of this  Act,  but in no event shall the initial franchise tax be less than $25 nor more than  $2,000,000 per annum plus 1/10th of 1% of the basis therefor.(e) Each additional franchise tax payable by each domestic corporation  for  the period beginning January 1, 1983 through December 31, 1983 shall be  computed at the rate of 1/12 of 1/10 of 1% for each calendar month or fraction  thereof, between the date of each respective increase in its paid-in capital  and its anniversary month in 1984; thereafter until the last day of the  month that is both after December 31, 1990 and the  third month immediately preceding the anniversary month in 1991,  each  additional franchise tax payable by each domestic corporation shall be  computed at the rate of 1/12 of 1/10 of 1% for each calendar month, or  fraction thereof, between the date of each respective increase in  its paid-in capital and its next anniversary month; however, if the increase  occurs within the 2 month period immediately preceding the anniversary month,  the tax shall be computed to the anniversary month of the next succeeding  calendar year. Commencing with increases in paid-in capital that occur  subsequent to both December 31, 1990 and the last day of the third  month immediately preceding the anniversary month in 1991, the additional  franchise tax payable by a domestic corporation shall be computed at the  rate of 15/100 of 1%.  (Source: P.A. 96-66, eff. 1-1-10.)