Illinois General Assembly - Bill Status for HB2568

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Bill Status of HB2568 101st General Assembly

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Short Description: CORPORATE BUYBACK TAX

House Sponsors
Rep. Anne Stava-Murray

Last Action

Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

Synopsis As Introduced
Creates the Corporate Buyback Tax Act. Imposes a tax on the buyback of shares of a publicly held corporation at the rate of 0.25% of the purchase price paid by a corporation for the purchase of its own securities. Applies to publicly held corporations having 100 or more employees. Effective immediately.

Actions

Date	Chamber	Action
2/13/2019	House	Filed with the Clerk by Rep. Anne Stava-Murray
2/13/2019	House	First Reading
2/13/2019	House	Referred to Rules Committee
2/26/2019	House	Assigned to Revenue & Finance Committee
3/6/2019	House	To Sales, Amusement & Other Taxes Subcommittee
3/29/2019	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2021	House	Session Sine Die

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