<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1554         </title>
<shortdesc>REVENUE-FINANCIAL TRANSACTION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Mary E. Flowers-Linda Chapa LaVia-Barbara Flynn Currie-La Shawn K. Ford-Naomi D. Jakobsson, Esther Golar and Greg Harris</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><SynopsisText>     Creates the Financial Transaction Tax Act. Beginning September 1, 2013, 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 0.01% of the value of the 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.</SynopsisText></synopsis>
<actions>
<statusdate>2/13/2013</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Mary E. Flowers</action>
<statusdate>2/13/2013</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/13/2013</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/19/2013</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/8/2013</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Linda Chapa LaVia</action>
<statusdate>3/15/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Mary E. Flowers</action>
<statusdate>3/15/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/18/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/19/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 2 Filed with Clerk by Rep. Mary E. Flowers</action>
<statusdate>3/19/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 2 Referred to Rules Committee</action>
<statusdate>3/20/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 2 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/21/2013</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Barbara Flynn Currie</action>
<statusdate>3/21/2013</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. La Shawn K. Ford</action>
<statusdate>3/22/2013</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/22/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/22/2013</statusdate><chamber>House</chamber><action>House Committee Amendment No. 2 Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/29/2013</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Esther Golar</action>
<statusdate>7/9/2013</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Naomi D. Jakobsson</action>
<statusdate>7/9/2013</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Changed to Rep. Naomi D. Jakobsson</action>
<statusdate>7/9/2013</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Greg Harris</action>
<statusdate>2/11/2014</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/20/2014</statusdate><chamber>House</chamber><action>To Sales and Other Taxes Subcommittee</action>
<statusdate>3/28/2014</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

