IL HB1051 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Stock, Commodity, or Options Transaction Tax Exemption Act. Provides that a home rule municipality with 1,000,000 or more inhabitants may, by ordinance, levy a tax on stock, commodity or options transactions. Effective immediately.
Title
HOME RULE COMMODITY TAX
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-07 | House | Session Sine Die |
| 2023-03-10 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2023-02-23 | House | To Revenue - Sales, Amusement and Other Taxes Subcommittee |
| 2023-02-21 | House | Assigned to Revenue & Finance Committee |
| 2023-01-12 | House | Referred to Rules Committee |
| 2023-01-12 | House | First Reading |
| 2022-12-20 | House | Prefiled with Clerk by Rep. Mary E. Flowers |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 820 | 1 | Amended Code | Citation Text |
| 35 | 820 | 2 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1051&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB1051.htm |
