Bill Title: Creates the Financial Transaction Tax Act. Imposes a tax on the privilege of engaging in financial transactions involving the financial assets of a hedge fund on any of the following exchanges or boards of trade: the Chicago Stock Exchange; the Chicago Mercantile Exchange; the Chicago Board of Trade; or the Chicago Board Options Exchange. Provides that the tax is imposed at a rate of $0.002 for every $1 of value traded. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2023-02-28 - Referred to Rules Committee [HB4000 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Robert Rita [D]	Primary	Sponsored Bills	HD-028	FollowTheMoney	Ballotpedia	VoteSmart

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