Get IL BCA-14.01 2015-2024

Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.

Each domestic and foreign Illinois Corporation is required to pay franchise tax at the time of filing its first report of issued shares (articles of Incorporation or application for authority) for the privilege of exercising its franchises in the State of Illinois.

On or after January 1, 2021 and prior to January 1, 2022, the first $1,000 in liability is exempt from the tax imposed under this Section. On or after January 1, 2022 and prior to January 1, 2023, the first $10,000 in liability is exempt from the tax imposed under this Section.

Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.

Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.

Each domestic and foreign Illinois Corporation is required to pay franchise tax at the time of filing its first report of issued shares (articles of Incorporation or application for authority) for the privilege of exercising its franchises in the State of Illinois.

All business entities registered with the state of Illinois must file an annual report that confirms and/or amends basic information about your business. If you're filing an annual report for a corporation, you're also subject to the state's annual franchise tax.

On or after January 1, 2021 and prior to January 1, 2022, the first $1,000 in liability is exempt from the tax imposed under this Section. On or after January 1, 2022 and prior to January 1, 2023, the first $10,000 in liability is exempt from the tax imposed under this Section.

Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.

Each domestic and foreign Illinois Corporation is required to pay franchise tax at the time of filing its first report of issued shares (articles of Incorporation or application for authority) for the privilege of exercising its franchises in the State of Illinois.

Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.

When a corporation first registers with the Illinois Secretary of State it pays an “initial tax” on its paid-in capital in the state, at a rate of 0.10%. Each year thereafter, a corporation pays an “annual tax” at the same rate (0.10%).

All business entities registered with the state of Illinois must file an annual report that confirms and/or amends basic information about your business. If you're filing an annual report for a corporation, you're also subject to the state's annual franchise tax.

On or after January 1, 2021 and prior to January 1, 2022, the first $1,000 in liability is exempt from the tax imposed under this Section. On or after January 1, 2022 and prior to January 1, 2023, the first $10,000 in liability is exempt from the tax imposed under this Section.

When a corporation first registers with the Illinois Secretary of State it pays an “initial tax” on its paid-in capital in the state, at a rate of 0.10%. Each year thereafter, a corporation pays an “annual tax” at the same rate (0.10%).

Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.

On or after January 1, 2021 and prior to January 1, 2022, the first $1,000 in liability is exempt from the tax imposed under this Section. On or after January 1, 2022 and prior to January 1, 2023, the first $10,000 in liability is exempt from the tax imposed under this Section.

All business entities registered with the state of Illinois must file an annual report that confirms and/or amends basic information about your business. If you're filing an annual report for a corporation, you're also subject to the state's annual franchise tax.

The standard personal exemption is calculated using the basic exemption amount of $2,050 plus the cost-of-living adjustment. For tax years beginning January 1, 2022, it is $2,425 per exemption. If someone else can claim you as a dependent and your Illinois income is $2,425 or less, your exemption allowance is $2,425.

When a corporation first registers with the Illinois Secretary of State it pays an “initial tax” on its paid-in capital in the state, at a rate of 0.10%. Each year thereafter, a corporation pays an “annual tax” at the same rate (0.10%).

Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.

On or after January 1, 2021 and prior to January 1, 2022, the first $1,000 in liability is exempt from the tax imposed under this Section. On or after January 1, 2022 and prior to January 1, 2023, the first $10,000 in liability is exempt from the tax imposed under this Section.

All business entities registered with the state of Illinois must file an annual report that confirms and/or amends basic information about your business. If you're filing an annual report for a corporation, you're also subject to the state's annual franchise tax.

The standard personal exemption is calculated using the basic exemption amount of $2,050 plus the cost-of-living adjustment. For tax years beginning January 1, 2022, it is $2,425 per exemption. If someone else can claim you as a dependent and your Illinois income is $2,425 or less, your exemption allowance is $2,425.

Individual Income Tax ○ Personal Exemption — Effective for tax years beginning on or after January 1, 2023, the personal exemption allowance for individuals will increase to $2,625 per person.

Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.

All business entities registered with the state of Illinois must file an annual report that confirms and/or amends basic information about your business. If you're filing an annual report for a corporation, you're also subject to the state's annual franchise tax.

When a corporation first registers with the Illinois Secretary of State it pays an “initial tax” on its paid-in capital in the state, at a rate of 0.10%. Each year thereafter, a corporation pays an “annual tax” at the same rate (0.10%).

Individual Income Tax ○ Personal Exemption — Effective for tax years beginning on or after January 1, 2023, the personal exemption allowance for individuals will increase to $2,625 per person.

When a corporation first registers with the Illinois Secretary of State it pays an “initial tax” on its paid-in capital in the state, at a rate of 0.10%. Each year thereafter, a corporation pays an “annual tax” at the same rate (0.10%).