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HB 3393 Illinois House · 100th Regular Session

INC TAX-INVESTMENT MANAGEMENT

Summary
Amends the Illinois Income Tax Act. Imposes a privilege tax at a rate of 20% on partnerships and S corporations engaged in the business of conducting investment management services, until such time as a federal law with an identical effect has been enacted. Provides for the determination of the tax due; defines "investment management services". Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Mar 2017
Committee Review
Floor Vote
Governor
Introduced Mar 30, 2017 Last action Jan 8, 2019
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
58
Key actions
11
Committee
14
Amendments
2
Apr 28, 2017
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 26, 2017
Lower · Passed
House Committee Amendment No. 1 Housing Affordability Impact Note Requested as Amended by Rep. David McSweeney
lower
Apr 25, 2017
Lower · Passed
House Committee Amendment No. 1 Judicial Note Requested as Amended by Rep. David McSweeney
lower
Mar 29, 2017
Lower · Passed
House Committee Amendment No. 1 State Debt Impact Note Requested as Amended by Rep. David McSweeney
lower
Mar 29, 2017
Lower · Passed
House Committee Amendment No. 1 Pension Note Requested as Amended by Rep. David McSweeney
lower
Mar 29, 2017
Lower · Passed
House Committee Amendment No. 1 Balanced Budget Note Requested as Amended by Rep. David McSweeney
lower
Mar 23, 2017
Lower · Passed
Do Pass as Amended / Short Debate Revenue & Finance Committee; 007-004-000
lower
Mar 23, 2017
Lower · Passed
House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
lower
Mar 23, 2017
Lower · Passed
Reported Back To Revenue & Finance Committee;
lower
Mar 23, 2017
Lower · Passed
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 004-002-000
lower
Mar 22, 2017
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
Mar 21, 2017
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 21, 2017
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Emanuel Chris Welch
lower
Mar 9, 2017
Lower · Passed
To Growth, Reform & Fairness Subcommittee
lower
Feb 22, 2017
Committee
Assigned to Revenue & Finance Committee
lower
Feb 10, 2017
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.