Illinois General Assembly - Bill Status for HB4000
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 Bill Status of HB4000  103rd General Assembly


Short Description:  FINANCIAL TRANSACTION TAX

House Sponsors
Rep. Robert "Bob" Rita

Last Action
DateChamber Action
  2/28/2023HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Financial Transaction Tax Act. Imposes a tax on the privilege of engaging in financial transactions involving the financial assets of a hedge fund on any of the following exchanges or boards of trade: the Chicago Stock Exchange; the Chicago Mercantile Exchange; the Chicago Board of Trade; or the Chicago Board Options Exchange. Provides that the tax is imposed at a rate of $0.002 for every $1 of value traded. Effective immediately.

Actions 
DateChamber Action
  2/27/2023HouseFiled with the Clerk by Rep. Robert "Bob" Rita
  2/28/2023HouseFirst Reading
  2/28/2023HouseReferred to Rules Committee

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