IL HB3237 | 2013-2014 | 98th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Financial Transaction Tax Act. Beginning January 1, 2014, imposes a tax on the privilege of engaging in a financial transaction on any of the following exchanges or boards of trade: the Chicago Stock Exchange, the Chicago Mercantile Exchange, the Chicago Board of Trade, and the Chicago Board Options Exchange. Provides that the tax is imposed at a rate of $1 per transaction. Provides that the term "financial transaction" means a transaction involving the purchase or sale of a stock contract, futures contract, swap contract, credit default swap contract, or options contract, but does not include a transaction involving securities held in a retirement account or a transaction involving a mutual fund. Effective immediately.
Title
REVENUE-FINANCIAL TRANSACTION
Sponsors
Rep. Linda LaVia [D] |
History
Date | Chamber | Action |
---|---|---|
2014-12-03 | House | Session Sine Die |
2013-03-22 | House | Rule 19(a) / Re-referred to Rules Committee |
2013-03-11 | House | Assigned to Revenue & Finance Committee |
2013-02-26 | House | Referred to Rules Committee |
2013-02-26 | House | First Reading |
2013-02-26 | House | Filed with the Clerk by Rep. Linda Chapa LaVia |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3237&GAID=12&DocTypeID=HB&SessionID=85&GA=98 |
Text | https://www.ilga.gov/legislation/98/HB/09800HB3237.htm |