HB 4000

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Financial Transaction Tax

Abstract

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.

Bill Sponsors (1)

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Feb 28, 2023

House

First Reading

House

Referred to Rules Committee

Feb 27, 2023

House

Filed with the Clerk by Rep. Robert "Bob" Rita

Bill Text

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Sources

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