IL HB4293 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Democrat 24-0)
Status: Introduced on January 19 2018 - 25% progression
Action: 2018-05-17 - Added Co-Sponsor Rep. André Thapedi
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Imposes a privilege tax on partnerships and S corporations engaged in the business of conducting investment management services. Provides that the tax shall be imposed at the rate of 20% of the fees calculated by reference to the performance of the investment portfolio funds and not from the investment itself. Defines "investment management services".

Tracking Information

Register now for our free OneVote public service or GAITS Professional trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

INC TX-INVESTMENT SERVICES

Sponsors


History

DateChamberAction
2018-05-17HouseAdded Co-Sponsor Rep. André Thapedi
2018-05-17HouseAdded Co-Sponsor Rep. Kathleen Willis
2018-05-17HouseAdded Co-Sponsor Rep. Litesa E. Wallace
2018-05-17HouseAdded Co-Sponsor Rep. Gregory Harris
2018-05-17HouseAdded Co-Sponsor Rep. Michael Halpin
2018-05-17HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
2018-05-17HouseAdded Co-Sponsor Rep. Carol Ammons
2018-05-10HouseAdded Co-Sponsor Rep. Mary E. Flowers
2018-05-10HouseAdded Co-Sponsor Rep. Sonya M. Harper
2018-05-10HouseAdded Co-Sponsor Rep. Robert Rita
2018-05-10HouseAdded Co-Sponsor Rep. Al Riley
2018-05-10HouseAdded Co-Sponsor Rep. Justin Slaughter
2018-05-10HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
2018-05-10HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
2018-05-10HouseAdded Co-Sponsor Rep. Christian L. Mitchell
2018-05-09HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
2018-05-09HouseAdded Co-Sponsor Rep. Camille Y. Lilly
2018-04-30HouseAdded Co-Sponsor Rep. William Davis
2018-04-26HouseAdded Co-Sponsor Rep. Theresa Mah
2018-04-25HouseAdded Co-Sponsor Rep. Will Guzzardi
2018-04-25HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
2018-04-25HouseAdded Co-Sponsor Rep. Silvana Tabares
2018-04-19HouseAdded Co-Sponsor Rep. Ann M. Williams
2018-04-13HouseRule 19(a) / Re-referred to Rules Committee
2018-02-14HouseTo Growth, Reform & Fairness Subcommittee
2018-02-05HouseAssigned to Revenue & Finance Committee
2018-01-22HouseReferred to Rules Committee
2018-01-22HouseFirst Reading
2018-01-19HouseFiled with the Clerk by Rep. Emanuel Chris Welch

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355205Amended CodeCitation Text

Illinois State Sources


Bill Comments

feedback