99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB2303

 

Introduced 1/27/2016, by Sen. Heather A. Steans

 

SYNOPSIS AS INTRODUCED:
 
805 ILCS 5/15.95  from Ch. 32, par. 15.95
805 ILCS 5/15.97  from Ch. 32, par. 15.97
805 ILCS 206/108

    Amends the Business Corporation Act of 1983. In provisions concerning the Department of Business Services Special Operations Fund, provides that on or before August 31 of each year, the balance in the Fund in excess of $600,000 shall be transferred to the General Revenue Fund (rather than the balance in the Fund at the end of any fiscal year shall not exceed $600,000 and any amount in excess thereof shall be transferred to the General Revenue Fund). In provisions concerning the Corporate Franchise Tax Refund Fund, provides that on or before August 31 of each year, the balance in the Fund in excess of $100,000 shall be transferred to the General Revenue Fund (rather than within a reasonable time after the 30th day of June of each year, the Secretary of State shall direct and the Comptroller shall order transferred to the General Revenue Fund all amounts in excess of $100,000 remaining in the fund as of June 30). Amends the Uniform Partnership Act (1997). In a provision concerning the Division of Corporations Limited Liability Partnership Fund, provides that on or before August 31 of each year, the balance in the Fund in excess of $200,000 shall be transferred to the General Revenue Fund (rather than the balance of the Fund at the end of any fiscal year shall not exceed $200,000, and any amount in excess thereof shall be transferred to the General Revenue Fund).


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB2303LRB099 14534 KTG 38654 b

1    AN ACT concerning business.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Business Corporation Act of 1983 is amended
5by changing Sections 15.95 and 15.97 as follows:
 
6    (805 ILCS 5/15.95)  (from Ch. 32, par. 15.95)
7    Sec. 15.95. Department of Business Services Special
8Operations Fund.
9    (a) A special fund in the State treasury known as the
10Division of Corporations Special Operations Fund is renamed the
11Department of Business Services Special Operations Fund.
12Moneys deposited into the Fund shall, subject to appropriation,
13be used by the Department of Business Services of the Office of
14the Secretary of State, hereinafter "Department", to create and
15maintain the capability to perform expedited services in
16response to special requests made by the public for same day or
1724 hour service. Moneys deposited into the Fund shall be used
18for, but not limited to, expenditures for personal services,
19retirement, social security, contractual services, equipment,
20electronic data processing, and telecommunications.
21    (b) On or before August 31 of each year, the balance in the
22Fund in excess of $600,000 shall be transferred to the General
23Revenue Fund. The balance in the Fund at the end of any fiscal

 

 

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1year shall not exceed $600,000 and any amount in excess thereof
2shall be transferred to the General Revenue Fund.
3    (c) All fees payable to the Secretary of State under this
4Section shall be deposited into the Fund. No other fees or
5taxes collected under this Act shall be deposited into the
6Fund.
7    (d) "Expedited services" means services rendered within
8the same day, or within 24 hours from the time, the request
9therefor is submitted by the filer, law firm, service company,
10or messenger physically in person or, at the Secretary of
11State's discretion, by electronic means, to the Department's
12Springfield Office and includes requests for certified copies,
13photocopies, and certificates of good standing or fact made to
14the Department's Springfield Office in person or by telephone,
15or requests for certificates of good standing or fact made in
16person or by telephone to the Department's Chicago Office.
17    (e) Fees for expedited services shall be as follows:
18    Restatement of articles, $200;
19    Merger, consolidation or exchange, $200;
20    Articles of incorporation, $100;
21    Articles of amendment, $100;
22    Revocation of dissolution, $100;
23    Reinstatement, $100;
24    Application for authority, $100;
25    Cumulative report of changes in issued shares or paid-in
26capital, $100;

 

 

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1    Report following merger or consolidation, $100;
2    Certificate of good standing or fact, $20;
3    All other filings, copies of documents, annual reports
4filed on or after January 1, 1984, and copies of documents of
5dissolved or revoked corporations having a file number over
65199, $50.
7    (f) Expedited services shall not be available for a
8statement of correction, a petition for refund or adjustment,
9or a request involving annual reports filed before January 1,
101984 or involving dissolved corporations with a file number
11below 5200.
12(Source: P.A. 95-331, eff. 8-21-07.)
 
13    (805 ILCS 5/15.97)  (from Ch. 32, par. 15.97)
14    Sec. 15.97. Corporate Franchise Tax Refund Fund.
15    (a) Beginning July 1, 1993, a percentage of the amounts
16collected under Sections 15.35, 15.45, 15.65, and 15.75 of this
17Act shall be deposited into the Corporate Franchise Tax Refund
18Fund, a special Fund hereby created in the State treasury. From
19July 1, 1993, until December 31, 1994, there shall be deposited
20into the Fund 3% of the amounts received under those Sections.
21Beginning January 1, 1995, and for each fiscal year beginning
22thereafter, 2% of the amounts collected under those Sections
23during the preceding fiscal year shall be deposited into the
24Fund.
25    (b) Beginning July 1, 1993, moneys in the Fund shall be

 

 

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1expended exclusively for the purpose of paying refunds payable
2because of overpayment of franchise taxes, penalties, or
3interest under Sections 13.70, 15.35, 15.45, 15.65, 15.75, and
416.05 of this Act and making transfers authorized under this
5Section. Refunds in accordance with the provisions of
6subsections (f) and (g) of Section 1.15 and Section 1.17 of
7this Act may be made from the Fund only to the extent that
8amounts collected under Sections 15.35, 15.45, 15.65, and 15.75
9of this Act have been deposited in the Fund and remain
10available. On or before August 31 of each year, the balance in
11the Fund in excess of $100,000 shall be transferred to the
12General Revenue Fund. Within a reasonable time after the 30th
13day of June of each year, the Secretary of State shall direct
14and the Comptroller shall order transferred to the General
15Revenue Fund all amounts in excess of $100,000 remaining in the
16fund as of June 30.
17    (c) This Act shall constitute an irrevocable and continuing
18appropriation from the Corporate Franchise Tax Refund Fund for
19the purpose of paying refunds upon the order of the Secretary
20of State in accordance with the provisions of this Section.
21(Source: P.A. 93-59, eff. 7-1-03.)
 
22    Section 10. The Uniform Partnership Act (1997) is amended
23by changing Section 108 as follows:
 
24    (805 ILCS 206/108)

 

 

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1    Sec. 108. Fees.
2    (a) The Secretary of State shall charge and collect in
3accordance with the provisions of this Act and rules
4promulgated under its authority:
5        (1) fees for filing documents;
6        (2) miscellaneous charges; and
7        (3) fees for the sale of lists of filings and for
8    copies of any documents.
9    (b) The Secretary of State shall charge and collect:
10        (1) for furnishing a copy or certified copy of any
11    document, instrument, or paper relating to a registered
12    limited liability partnership, $25;
13        (2) for the transfer of information by computer process
14    media to any purchaser, fees established by rule;
15        (3) for filing a statement of partnership authority,
16    $25;
17        (4) for filing a statement of denial, $25;
18        (5) for filing a statement of dissociation, $25;
19        (6) for filing a statement of dissolution, $100;
20        (7) for filing a statement of merger, $100;
21        (8) for filing a statement of qualification for a
22    limited liability partnership organized under the laws of
23    this State, $100 for each partner, but in no event shall
24    the fee be less than $200 or exceed $5,000;
25        (9) for filing a statement of foreign qualification,
26    $500;

 

 

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1        (10) for filing a renewal statement for a limited
2    liability partnership organized under the laws of this
3    State, $100 for each partner, but in no event shall the fee
4    be less than $200 or exceed $5,000;
5        (11) for filing a renewal statement for a foreign
6    limited liability partnership, $300;
7        (12) for filing an amendment or cancellation of a
8    statement, $25;
9        (13) for filing a statement of withdrawal, $100;
10        (14) for the purposes of changing the registered agent
11    name or registered office, or both, $25;
12        (15) for filing an application for reinstatement,
13    $200;
14        (16) for filing any other document, $25.
15    (c) All fees collected pursuant to this Act shall be
16deposited into the Division of Corporations Limited Liability
17Partnership Fund.
18    (d) There is hereby continued in the State treasury a
19special fund to be known as the Division of Corporations
20Limited Liability Partnership Fund. Moneys deposited into the
21Fund shall, subject to appropriation, be used by the Business
22Services Division of the Office of the Secretary of State to
23administer the responsibilities of the Secretary of State under
24this Act. On or before August 31 of each year, the balance in
25the Fund in excess of $200,000 shall be transferred to the
26General Revenue Fund. The balance of the Fund at the end of any

 

 

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1fiscal year shall not exceed $200,000, and any amount in excess
2thereof shall be transferred to the General Revenue Fund.
3(Source: P.A. 97-839, eff. 7-20-12.)