IL SB3189 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 16 2018 - 25% progression
Action: 2018-02-16 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax. Imposes a privilege tax on partnerships and S corporations engaged in the business of conducting investment management services 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.

Tracking Information

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Title

INC TAX-INVESTMENT MANAGEMENT

Sponsors


History

DateChamberAction
2018-02-16SenateReferred to Assignments
2018-02-16SenateFirst Reading
2018-02-16SenateFiled with Secretary by Sen. Daniel Biss

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355205Amended CodeCitation Text

Illinois State Sources


Bill Comments

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