Bill Title: 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".
Sponsorship: Partisan Bill (Democrat 28)
Status: (Failed) 2019-01-08 - Session Sine Die
[HB4293 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Introduced | 2018-01-19 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois HB4293 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois HB4293 currently on file. |
