Illinois House Bill 1554 (Adjourned Sine Die)

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March 29 2013 - Added Co-Sponsor Rep. Esther Golar
Pending: House Rules Committee
Text: Latest bill text (Amended) [HTML]

Creates the Financial Transaction Tax Act. Beginning September 1, 2013, imposes a tax on the privilege of engaging in a financial transaction on any of the following exchanges or boards of trade: the Chicago Stock Exchange, the Chicago Mercantile Exchange, the Chicago Board of Trade, and the Chicago Board Options Exchange. Provides that the tax is imposed at a rate of 0.01% of the value of the transaction. Provides that the term "financial transaction" means a transaction involving the purchase or sale of a stock contract, futures contract, swap contract, credit default swap contract, or options contract, but does not include a transaction involving securities held in a retirement account or a transaction involving a mutual fund. Effective immediately.

REVENUE-FINANCIAL TRANSACTION

Rep Mary E. Flowers	Rep Linda Chapa LaVia	Rep Barbara Flynn Currie	Rep LaShawn K. Ford
Rep Esther Golar

Date	Chamber	Action
2013-03-29	House	Added Co-Sponsor Rep. Esther Golar
2013-03-22	House	House Committee Amendment No. 2 Rule 19(a) / Re-referred to Rules Committee
2013-03-22	House	House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
2013-03-22	House	Rule 19(a) / Re-referred to Rules Committee
2013-03-21	House	Added Chief Co-Sponsor Rep. La Shawn K. Ford
2013-03-21	House	Added Chief Co-Sponsor Rep. Barbara Flynn Currie
2013-03-20	House	House Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
2013-03-19	House	House Committee Amendment No. 2 Referred to Rules Committee
2013-03-19	House	House Committee Amendment No. 2 Filed with Clerk by Rep. Mary E. Flowers
2013-03-18	House	House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2013-03-15	House	House Committee Amendment No. 1 Referred to Rules Committee
2013-03-15	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Mary E. Flowers
2013-03-08	House	Added Chief Co-Sponsor Rep. Linda Chapa LaVia
2013-02-19	House	Assigned to Revenue & Finance Committee
2013-02-13	House	Referred to Rules Committee
2013-02-13	House	First Reading
2013-02-13	House	Filed with the Clerk by Rep. Mary E. Flowers

Type	Source
Summary	http://www.ilga.gov/legislation/BillStatus.asp?DocNum=1554&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	http://www.ilga.gov/legislation/98/HB/09800HB1554.htm
Text	http://www.ilga.gov/legislation/98/HB/09800HB1554ham001.htm
Text	http://www.ilga.gov/legislation/98/HB/09800HB1554ham002.htm