Date	Chamber	Action
1/10/2017	Senate	Session Sine Die

Statutes Amended In Order of Appearance

New Act

Synopsis As Introduced
Creates the Financial Transaction Tax Act. Beginning January 1, 2016, 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 contract for all transactions for which the underlying asset is an agricultural product and $2 per contract for all other transactions. Provides that the term "financial transaction" means a transaction involving the purchase or sale of a stock contract, futures contract, futures option 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.

Actions 

Date	Chamber	Action
12/4/2015	Senate	Filed with Secretary by Sen. Michael Noland
12/4/2015	Senate	First Reading
12/4/2015	Senate	Referred to Assignments
1/14/2016	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
1/27/2016	Senate	Assigned to Revenue
2/18/2016	Senate	To Subcommittee on Special Issues (RV)
4/8/2016	Senate	Rule 2-10 Committee Deadline Established As April 22, 2016
4/13/2016	Senate	Added as Co-Sponsor Sen. Daniel Biss
4/13/2016	Senate	Added as Co-Sponsor Sen. Emil Jones, III
4/14/2016	Senate	Sponsor Removed Sen. Daniel Biss
4/22/2016	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 13, 2016
5/4/2016	Senate	Added as Chief Co-Sponsor Sen. Ira I. Silverstein
5/13/2016	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2017	Senate	Session Sine Die

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