Bill Amendment: IL HB3393 | 2017-2018 | 100th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: INC TAX-INVESTMENT MANAGEMENT

Status: 2019-01-08 - Session Sine Die [HB3393 Detail]

Download: Illinois-2017-HB3393-House_Amendment_001.html

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Rep. Emanuel Chris Welch

Filed: 3/21/2017

10000HB3393ham001 LRB100 10498 HLH 23667 a
AMENDMENT TO HOUSE BILL 3393
AMENDMENT NO. ______. Amend House Bill 3393 on page 2, line
21, after "Act,", by inserting "beginning on July 1, 2017,";
and
on page 2, line 23, by replacing "of 20%" with "at the rate of
20% of the fees earned from the investment strategy of the
investment manager and not from the investment itself; the
privilege tax shall be imposed".