Illinois General Assembly - Bill Status for HB5584
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 Bill Status of HB5584  101st General Assembly


Short Description:  REVENUE-WIRE TRANSFER

House Sponsors
Rep. Elizabeth Hernandez

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
110 ILCS 947/67


Synopsis As Introduced
Creates the Wire Transfer Tax Act. Provides that a tax of 1% of the amount transferred is imposed on each wire transfer originating from within the State. Provides that the moneys received from the tax shall be deposited into the Illinois DREAM Fund. Amends the Higher Education Student Assistance Act to make conforming changes.

Actions 
DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Elizabeth Hernandez
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  3/12/2020HouseAssigned to Revenue & Finance Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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