How much is the Illinois corporation annual report?

$75, filed every year. It is filed as the Domestic Corporation Annual Report (Form BCA 14.05).

Illinois Corporation Annual Report

By Edmond Hui · Facts verified July 29, 2026 against primary state sources

An Illinois corporation files the Annual Report (Form BCA 14.05) every year and pays $75. Before the first day of the corporation's anniversary month each year

Filing for an LLC instead? See the Illinois LLC annual report.

Illinois corporation annual report requirements: Illinois files an annual corporate report for $75. Illinois imposes a corporate income tax. — The report fee shown is the state filing charge only; income or franchise tax, where owed, is covered separately on this page. Source: MyStateLLC 50-state corporation dataset, compiled from state filing offices and revenue departments, July 2026; any figure we could not confirm is labeled on the page.

Filing cadenceEvery year

Report fee$75

Corporate income taxYes

What Illinois requires

Annual Report (Form BCA 14.05)

Frequency	every year
Due	Before the first day of the corporation's anniversary month each year
Fee	$75
Form	Domestic Corporation Annual Report (Form BCA 14.05)

Sourcing note: $75 filing fee plus annual franchise tax

Illinois is one of 41 states on an annual corporate reporting cycle. Nationally, 41 states require an annual corporate report, 7 require one every two years, and 2 require none.

What the filings cost over five years

State filing charges only, incorporation plus five years of reporting, annualized. Corporate income tax and franchise tax are excluded, because both depend on income or net worth.

Period	State filing charges
Incorporation	from $150
Each year after (report, annualized)	$75
Five-year equivalent (annualized)	$525

That ranks Illinois 38th cheapest of 49 states on five-year corporate filing charges.

Illinois corporation vs Illinois LLC

State filing charges only. Corporate income tax and franchise tax are excluded because both depend on income or net worth, so no flat figure exists for either entity.

	Corporation	LLC
Formation filing fee	$150	$150
Report cadence	Every year	Every year
Report fee	$75	$75
Entity-level tax on the LLC side	N/A	Personal Property Replacement Tax

Both entities cost $150 to file in Illinois, so the filing fee is not a reason to pick one over the other.

Full Illinois LLC cost breakdown · LLC vs C-corp explained · LLC vs S-corp explained

State taxes an Illinois corporation pays

Corporate income tax

Applies	Yes
Rate	7% corporate income tax + 2.5% Personal Property Replacement Tax (PPRT) = 9.5% total on Illinois net income (individual rate is 4.95%)

Franchise or gross-receipts tax

Illinois corporate franchise tax REMAINS in effect (administered by the Secretary of State). The scheduled 2019 full phase-out was repealed by a 2021 Illinois law; the first $1,000 of a corporation's total annual franchise-tax liability is exempt. Rate is 0.1% of paid-in capital allocated to Illinois; initial minimum $25. Applies to corporations only, NOT to LLCs.

What these totals leave out: the filing-charge figures on this page are what you pay the business filing office. They exclude corporate income tax and any franchise or gross-receipts tax, because both depend on income, net worth or receipts. The section above sets out what Illinois levies, or that it levies neither. Where a state's franchise tax carries a flat minimum, that minimum is an unavoidable annual cost these totals do not include, and over five years it can be the larger number.

C-corp return: Form IL-1120 (Corporation Income and Replacement Tax Return)

Frequently Asked Questions

: $75, filed every year. It is filed as the Domestic Corporation Annual Report (Form BCA 14.05).
: Before the first day of the corporation's anniversary month each year.

Where these numbers come from

This page covers the recurring report a for-profit corporation files with Illinois. Every figure was checked against Illinois's own published sources on July 29, 2026, the state business filing agency's fee schedule, the governing statute, and where a state tax applies, the state Department of Revenue. Commercial formation-service pages were used as leads only and are never cited. Anything the review could not confirm from an official source is left blank on this page rather than filled with an estimate.

Corporate income tax and franchise tax are quoted as the state publishes them, as rate schedules and thresholds, and are excluded from every dollar total here. They depend on income or net worth, so there is no flat figure that would be true for every corporation.

Primary sources:

https://tax.illinois.gov/research/taxrates/income.html
https://tax.illinois.gov/forms/business.html
https://www.ilsos.gov/departments/business_services/organization.html
Illinois statute: P.A. 101-9 (scheduled franchise tax phase-out)
Illinois statute: P.A. 102-16 (2021) (repeal of the franchise tax phase-out)

This guide is general information, not legal or tax advice, and reading it does not create an attorney-client relationship. It describes rules that can differ from state to state, and fees, rates, forms and deadlines can change after we review them. It cannot tell you what applies to your own business: that turns on where the business is formed, where it operates and how it is taxed. Confirm anything you rely on with the state or federal agency concerned, or with a licensed attorney or CPA, before you act on it.

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Edmond Hui · Founder, MyStateLLC

Edmond Hui is a software engineer and serial entrepreneur based in New York who has founded multiple online businesses across e-commerce, media, and information publishing. Before transitioning into tech, he spent years as a commercial real estate professional closing deals totaling over 100,000 square feet, giving him firsthand experience with business formation and entity structuring. He built MyStateLLC to provide the free, state-specific LLC guidance he wished existed when forming his own companies.

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