IL HB4000 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 27 2023 - 25% progression
Action: 2023-02-28 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 27 2023 - 25% progression
Action: 2023-02-28 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Financial Transaction Tax Act. Imposes a tax on the privilege of engaging in financial transactions involving the financial assets of a hedge fund on any of the following exchanges or boards of trade: the Chicago Stock Exchange; the Chicago Mercantile Exchange; the Chicago Board of Trade; or the Chicago Board Options Exchange. Provides that the tax is imposed at a rate of $0.002 for every $1 of value traded. Effective immediately.
Title
FINANCIAL TRANSACTION TAX
Sponsors
| Rep. Robert Rita [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-28 | House | Referred to Rules Committee |
| 2023-02-28 | House | First Reading |
| 2023-02-27 | House | Filed with the Clerk by Rep. Robert "Bob" Rita |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4000&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB4000.htm |
