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.

Sponsorship: Partisan Bill (Democrat 23)

Status: (Failed) 2019-01-08 - Session Sine Die [HB3393 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2017-02-09	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 001	2017-03-21	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3393 currently on file.