Illinois General Assembly - Bill Status for HB2568
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 Bill Status of HB2568  101st General Assembly


Short Description:  CORPORATE BUYBACK TAX

House Sponsors
Rep. Anne Stava-Murray

Last Action
DateChamber Action
  1/13/2021HouseSession 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 
DateChamber Action
  2/13/2019HouseFiled with the Clerk by Rep. Anne Stava-Murray
  2/13/2019HouseFirst Reading
  2/13/2019HouseReferred to Rules Committee
  2/26/2019HouseAssigned to Revenue & Finance Committee
  3/6/2019HouseTo Sales, Amusement & Other Taxes Subcommittee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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