Illinois Legislators’ Guide to the Issues: Franchise Tax

The Problem

Illinois continues to levy its archaic and inefficient Franchise Tax while otherstates have been repealing theirs to attract business. This tax imposes significantcompliance burdens on Illinois businesses while raising only about $210 millionin annual revenue.

Our Solution

Illinois should repeal its corporate franchise tax and join the other thirty-onestates that levy no such tax or are repealing their taxes.