IL SB2691

Amends Section 15.35 of the Business Corporation Act of 1983 to make technical corrections to language concerning franchise taxes payable by domestic corporations.

Changes "the the" to "the" in the opening language describing the privilege of exercising franchises in Illinois.

Changes "2 month" to "2-month" (hyphenated) in subsection (c) regarding franchise tax computation following statutory mergers or consolidations.

Replaces references to "This amendatory Act of the 101st General Assembly" with "Public Act 101-9" in the exemption provisions.

Section 15.35 remains scheduled for repeal on December 31, 2025.