IL HB2568 | 2019-2020 | 101st General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 13 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 13 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Corporate Buyback Tax Act. Imposes a tax on the buyback of shares of a publicly held corporation at the rate of 0.25% of the purchase price paid by a corporation for the purchase of its own securities. Applies to publicly held corporations having 100 or more employees. Effective immediately.
Title
CORPORATE BUYBACK TAX
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-03-29 | House | Rule 19(a) / Re-referred to Rules Committee |
2019-03-06 | House | To Sales, Amusement & Other Taxes Subcommittee |
2019-02-26 | House | Assigned to Revenue & Finance Committee |
2019-02-13 | House | Referred to Rules Committee |
2019-02-13 | House | First Reading |
2019-02-13 | House | Filed with the Clerk by Rep. Anne Stava-Murray |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2568&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
Text | https://www.ilga.gov/legislation/101/HB/10100HB2568.htm |