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CORPORATE ALERT February 2008Franchise Tax and License Fee Amnesty Program in Illinois By: Glenn E. French and Christopher B. Whittle State of Illinois has enacted an amnesty program for all corporate

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What is franchise tax and license?

Franchise tax and license is a fee that businesses are required to pay to operate in a particular jurisdiction.

Who is required to file franchise tax and license?

Businesses operating within a specific jurisdiction are required to file franchise tax and license.

How to fill out franchise tax and license?

Franchise tax and license forms can usually be completed online or by mail, and require information about the business's income and operations.

What is the purpose of franchise tax and license?

The purpose of franchise tax and license is to generate revenue for the jurisdiction and regulate businesses operating within its borders.

What information must be reported on franchise tax and license?

Businesses must typically report their income, expenses, and other financial information on franchise tax and license forms.

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