IL HB4293 | 2017-2018 | 100th General Assembly


Completed Legislative Action
Spectrum: Partisan Bill (Democrat 28-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]


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

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2019-01-08HouseSession Sine Die
2018-05-25HouseAdded Co-Sponsor Rep. Katie Stuart
2018-05-25HouseAdded Co-Sponsor Rep. Rita Mayfield
2018-05-25HouseAdded Co-Sponsor Rep. Sara Feigenholtz
2018-05-22HouseAdded Co-Sponsor Rep. La Shawn K. Ford
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