Bill Sponsors: IL HB4293 | 2017-2018 | 100th General Assembly

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".

Spectrum: Partisan Bill (Democrat 28-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB4293 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Emanuel Welch [D]PrimarySponsored BillsHD-007FollowTheMoneyBallotpediaVoteSmart
Representative Ann Williams [D]CosponsorSponsored BillsHD-011FollowTheMoneyBallotpediaVoteSmart
Representative Silvana Tabares [D]CosponsorSponsored BillsHD-021FollowTheMoneyBallotpediaVoteSmart
Representative Jaime Andrade [D]CosponsorSponsored BillsHD-040FollowTheMoneyBallotpediaVoteSmart
Representative Will Guzzardi [D]CosponsorSponsored BillsHD-039FollowTheMoneyBallotpediaVoteSmart
Representative Theresa Mah [D]CosponsorSponsored BillsHD-002FollowTheMoneyBallotpediaVoteSmart
Representative William Davis [D]CosponsorSponsored BillsHD-030FollowTheMoneyBallotpediaVoteSmart
Representative Camille Lilly [D]CosponsorSponsored BillsHD-078FollowTheMoneyBallotpediaVoteSmart
Representative Marcus Evans [D]CosponsorSponsored BillsHD-033FollowTheMoneyBallotpediaVoteSmart
Representative Christian Mitchell [D]CosponsorSponsored BillsHD-026FollowTheMoneyBallotpediaVoteSmart
Representative Elizabeth Hernandez [D]CosponsorSponsored BillsHD-024FollowTheMoneyBallotpediaVoteSmart
Representative Linda LaVia [D]CosponsorSponsored BillsHD-083FollowTheMoneyBallotpediaVoteSmart
Representative Justin Slaughter [D]CosponsorSponsored BillsHD-027FollowTheMoneyBallotpediaVoteSmart
Representative Al Riley [D]CosponsorSponsored BillsHD-038FollowTheMoneyBallotpediaVoteSmart
Representative Robert Rita [D]CosponsorSponsored BillsHD-028FollowTheMoneyBallotpediaVoteSmart
Representative Sonya Harper [D]CosponsorSponsored BillsHD-006FollowTheMoneyBallotpediaVoteSmart
Representative Mary Flowers [D]CosponsorSponsored BillsHD-031FollowTheMoneyBallotpediaVoteSmart
Representative Carol Ammons [D]CosponsorSponsored BillsHD-103FollowTheMoneyBallotpediaVoteSmart
Representative Kelly Cassidy [D]CosponsorSponsored BillsHD-014FollowTheMoneyBallotpediaVoteSmart
Representative Michael Halpin [D]CosponsorSponsored BillsHD-072FollowTheMoneyBallotpediaVoteSmart
Representative Gregory Harris [D]CosponsorSponsored BillsHD-013FollowTheMoneyBallotpediaVoteSmart
Representative Litesa Wallace [D]CosponsorSponsored BillsHD-067FollowTheMoneyBallotpediaVoteSmart
Representative Kathleen Willis [D]CosponsorSponsored BillsHD-077FollowTheMoneyBallotpediaVoteSmart
Representative Andre Thapedi [D]CosponsorSponsored BillsHD-032FollowTheMoneyBallotpediaVoteSmart
Representative LaShawn Ford [D]CosponsorSponsored BillsHD-008FollowTheMoneyBallotpediaVoteSmart
Representative Sara Feigenholtz [D]CosponsorSponsored BillsHD-012FollowTheMoneyBallotpediaVoteSmart
Representative Rita Mayfield [D]CosponsorSponsored BillsHD-060FollowTheMoneyBallotpediaVoteSmart
Representative Katie Stuart [D]CosponsorSponsored BillsHD-112FollowTheMoneyBallotpediaVoteSmart

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