Comments: IL HB3393 | 2017-2018 | 100th General Assembly

Bill Title: 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.

Spectrum: Partisan Bill (Democrat 23-0)

Status: (Introduced) 2017-05-23 - House Committee Amendment No. 1 Home Rule Note Filed as Amended [HB3393 Detail]

Text: Latest bill text (Introduced) [HTML]

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