Illinois Compiled Statutes 805 ILCS 8/5-5 – Definitions
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As used in this Act:
“Secretary” means the Illinois Secretary of State.
“Rules” means any rules adopted or forms prescribed by the Secretary.
“Taxable period” means any period of time for which any franchise tax is imposed by and owed to the State of Illinois by any domestic corporation or any license fee is imposed by and owed to the State of Illinois by any foreign corporation.
“Taxpayer” means any domestic or foreign corporation, subject to franchise tax or license fee imposed by Article XV of the Business Corporation Act of 1983.
“Secretary” means the Illinois Secretary of State.
Terms Used In Illinois Compiled Statutes 805 ILCS 8/5-5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
“Rules” means any rules adopted or forms prescribed by the Secretary.
“Taxable period” means any period of time for which any franchise tax is imposed by and owed to the State of Illinois by any domestic corporation or any license fee is imposed by and owed to the State of Illinois by any foreign corporation.
“Taxpayer” means any domestic or foreign corporation, subject to franchise tax or license fee imposed by Article XV of the Business Corporation Act of 1983.