SOS AUDIT ENFORCEMENT FUNDING

Amends the Business Corporation Act of 1983. Provides that 5% of all money received by the State of Illinois from franchise tax litigation, administrative hearings, and investigations, either by judgment or settlement, shall be deposited into the Department of Business Services Special Operations Fund. Provides that the money shall be used by the Secretary of State for the expenses of the Department of Business Services that are incurred by the administration of the audit and enforcement duties and obligations imposed for the collection of the corporate franchise tax under the Act. Effective immediately.