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 Bill Status of HB4293  100th General Assembly


Short Description:  INC TX-INVESTMENT SERVICES

House Sponsors
Rep. Emanuel Chris Welch

Hearings
Revenue & Finance Committee Hearing Mar 1 2018 10:00AM Capitol Building Room 122B Springfield, IL


Last Action
DateChamber Action
  2/14/2018HouseTo Growth, Reform & Fairness Subcommittee

Statutes Amended In Order of Appearance
35 ILCS 5/205from Ch. 120, par. 2-205


Synopsis As Introduced
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".

Actions 
DateChamber Action
  1/19/2018HouseFiled with the Clerk by Rep. Emanuel Chris Welch
  1/22/2018HouseFirst Reading
  1/22/2018HouseReferred to Rules Committee
  2/5/2018HouseAssigned to Revenue & Finance Committee
  2/14/2018HouseTo Growth, Reform & Fairness Subcommittee

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