(805 ILCS 5/15.20)
(from Ch. 32, par. 15.20)
License fees payable by domestic corporations.
For the privilege of exercising its franchises in this State, the
Secretary of State shall charge and collect from each domestic corporation
the following license fees, computed on the basis and at the rates
prescribed in this Act:
(a) Except as otherwise provided in paragraph (c) of this Section,
an additional license fee at the time of filing (1) a report of the
issuance of additional shares, or (2) a report of an increase in paid-in
capital without the issuance of shares, or (3) an amendment to the articles
of incorporation or a report of cumulative changes in paid-in capital or of
an exchange or reclassification of shares, whenever any amendment or
report discloses an increase in its paid-in capital over the amount thereof
last reported in any document, other than an annual report, interim annual
report, or final transition annual report, required by this Act to be filed
in the office of the Secretary of State.
(b) Except as otherwise provided in paragraph (c) of this Section,
an additional license fee at the time of filing a report of paid-in
capital following a merger or consolidation that discloses that the paid-in
capital of the surviving or new corporation immediately after the merger or
consolidation is greater than the sum of the paid-in capital of all of the
merged or consolidated corporations as last reported by them in any
documents, other than annual reports, required by this Act to be filed in
the office of the Secretary of State.
(c) The additional license fees referred to in paragraphs (a) and (b)
of this Section shall not be payable with respect to issuances of shares or
increases in paid-in capital that occur subsequent to both December
31, 1990 and the last day of the third month immediately preceding the
anniversary month of a corporation in 1991.
(Source: P.A. 86-985; 86-1217.)