IL HB3393 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Democrat 23-0)
Status: Introduced on February 9 2017 - 25% progression
Action: 2017-05-23 - House Committee Amendment No. 1 Home Rule Note Filed as Amended
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Imposes a privilege tax at a rate of 20% on partnerships and S corporations engaged in the business of conducting investment management services, until such time as a federal law with an identical effect has been enacted. Provides for the determination of the tax due; defines "investment management services". Effective immediately.

Tracking Information

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Title

INC TAX-INVESTMENT MANAGEMENT

Sponsors


History

DateChamberAction
2017-05-23HouseHouse Committee Amendment No. 1 Home Rule Note Filed as Amended
2017-04-28HouseRule 19(a) / Re-referred to Rules Committee
2017-04-27HouseHouse Committee Amendment No. 1 Judicial Note Filed as Amended
2017-04-27HouseAdded Co-Sponsor Rep. Kathleen Willis
2017-04-26HouseHeld on Calendar Order of Second Reading - Short Debate
2017-04-26HouseSecond Reading - Short Debate
2017-04-26HouseHouse Committee Amendment No. 1 Judicial Note Requested as Amended - Withdrawn by Rep. David McSweeney
2017-04-26HouseHouse Committee Amendment No. 1 Housing Affordability Impact Note Filed as Amended
2017-04-26HouseHouse Committee Amendment No. 1 Housing Affordability Impact Note Requested as Amended by Rep. David McSweeney
2017-04-25HouseHouse Committee Amendment No. 1 Fiscal Note Filed as Amended
2017-04-25HouseHouse Committee Amendment No. 1 Judicial Note Requested as Amended by Rep. David McSweeney
2017-04-24HouseAdded Co-Sponsor Rep. Camille Y. Lilly
2017-04-24HouseHouse Committee Amendment No. 1 Fiscal Note Requested as Amended by Rep. David McSweeney
2017-04-18HouseAdded Co-Sponsor Rep. Gregory Harris
2017-04-06HouseAdded Co-Sponsor Rep. Mary E. Flowers
2017-04-06HouseHouse Committee Amendment No. 1 Balanced Budget Note Filed as Amended
2017-03-30HouseHouse Committee Amendment No. 1 Pension Note Filed as Amended
2017-03-30HouseHouse Committee Amendment No. 1 State Debt Impact Note Filed as Amended
2017-03-29HouseHouse Committee Amendment No. 1 State Debt Impact Note Requested as Amended by Rep. David McSweeney
2017-03-29HouseHouse Committee Amendment No. 1 Pension Note Requested as Amended by Rep. David McSweeney
2017-03-29HouseHouse Committee Amendment No. 1 Balanced Budget Note Requested as Amended by Rep. David McSweeney
2017-03-29HouseHouse Committee Amendment No. 1 State Mandates Fiscal Note Requested as Amended by Rep. David McSweeney
2017-03-29HouseHouse Committee Amendment No. 1 Fiscal Note Requested as Amended by Rep. David McSweeney
2017-03-23HouseAdded Co-Sponsor Rep. Christian L. Mitchell
2017-03-23HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
2017-03-23HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
2017-03-23HouseAdded Co-Sponsor Rep. Arthur Turner
2017-03-23HouseAdded Co-Sponsor Rep. Justin Slaughter
2017-03-23HouseAdded Co-Sponsor Rep. Will Guzzardi
2017-03-23HousePlaced on Calendar 2nd Reading - Short Debate
2017-03-23HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 007-004-000
2017-03-23HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
2017-03-23HouseReported Back To Revenue & Finance Committee;
2017-03-23HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 004-002-000
2017-03-22HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2017-03-21HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2017-03-21HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Emanuel Chris Welch
2017-03-17HouseAdded Co-Sponsor Rep. Michael Halpin
2017-03-17HouseAdded Co-Sponsor Rep. Robert Rita
2017-03-16HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
2017-03-16HouseAdded Co-Sponsor Rep. Carol Ammons
2017-03-15HouseAdded Co-Sponsor Rep. La Shawn K. Ford
2017-03-15HouseAdded Co-Sponsor Rep. André Thapedi
2017-03-15HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
2017-03-15HouseAdded Co-Sponsor Rep. William Davis
2017-03-15HouseAdded Chief Co-Sponsor Rep. Silvana Tabares
2017-03-15HouseAdded Chief Co-Sponsor Rep. Litesa E. Wallace
2017-03-15HouseChief Co-Sponsor Changed to Rep. Theresa Mah
2017-03-15HouseAdded Chief Co-Sponsor Rep. Sonya M. Harper
2017-03-15HouseAdded Chief Co-Sponsor Rep. Theresa Mah
2017-03-14HouseRemoved Co-Sponsor Rep. Sonya M. Harper
2017-03-14HouseAdded Co-Sponsor Rep. Sonya M. Harper
2017-03-09HouseTo Growth, Reform & Fairness Subcommittee
2017-02-22HouseAssigned to Revenue & Finance Committee
2017-02-10HouseReferred to Rules Committee
2017-02-10HouseFirst Reading
2017-02-09HouseFiled with the Clerk by Rep. Emanuel Chris Welch

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355205Amended CodeCitation Text

Illinois State Sources


Bill Comments

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