Scored 2/10 on whether it helps or hurts everyday people.
The Corporate Franchise Bill
Illinois bill would end corporate franchise tax after 2029
FRANCHISE TAX-REPEAL
Bad for everyday people ·
If passed, Illinois would stop charging corporations a franchise tax starting in 2029, shifting the lost revenue to ordinary taxpayers.
Our take
What we think, in plain words.
Citizens could see higher taxes or fewer services because the state will lose money that corporations would have paid, so they should speak up now.
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The facts
What the bill actually says, no spin.
- The bill stops franchise tax for both domestic and foreign corporations after Jan 1 2029.
- All money left in the franchise tax refund fund moves to the state’s general fund by Dec 31 2030.
- The repeal takes effect immediately once the bill becomes law.
In the news
Scanning the news for this bill…
Headlines gathered from across the news, starting points to explore, not endorsements. Always read the official text before acting.
Sources
Read it yourself: the official bill and records.
This bill is in the Illinois Bill Book 2026
The best and worst Illinois bills of 2026, one page each — our take on the left, the bill on the right, and room for your notes. No email needed.
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