Illinois Compiled Statutes 805 ILCS 5/15.30 – Rate of license fees payable by domestic corporations
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Terms Used In Illinois Compiled Statutes 805 ILCS 5/15.30
- 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.
The license fees payable by each domestic corporation shall be computed at the rate of one-twentieth of one per cent of the basis prescribed in this Act for the computation thereof.