Amends the Illinois Income Tax. Imposes a privilege tax on partnerships and S corporations engaged in the business of conducting investment management services 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.
Sponsored bills
Appropriates $2 from the General Revenue Fund to the Department of Labor for its FY 18 ordinary and contingent expenses.
Appropriates $2 from the General Revenue Fund to the Illinois Gaming Board for its FY 18 ordinary and contingent expenses.
Amends the State Employee Health Savings Account Law. Makes a technical change in a Section concerning the short title.
Amends the State Tax Preparer Oversight Act. Makes a technical change in a Section concerning the short title.
Appropriates $2 from the General Revenue Fund to the Illinois Independent Tax Tribunal for its FY 18 ordinary and contingent expenses.
Recognizes June 24, 2017 as "National Cystinuria Awareness Day". Encourages steps be taken to raise awareness of and increase public knowledge about Cystinuria. Calls on the people of Illinois, interest groups, and affected persons to observe National Cystinuria Awareness Day with appropriate ceremonies and activities.
Amends the Economic Development Project Area Tax Increment Allocation Act of 1995. Makes a technical change in a Section concerning the short title.
Amends the Hospital Licensing Act. Makes a technical change in a Section concerning the short title.
Creates the FY2018 Budget Implementation Act. Provides that the purpose of the Act is to make the changes in State programs that are necessary to implement the Governor's FY2018 budget recommendations. Effective July 1, 2017.