Illinois General Assembly - Bill Status for SB2121
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 Bill Status of SB2121  102nd General Assembly


Short Description:  REVENUE-HIGH WEALTH

Senate Sponsors
Sen. Robert Peters, Mike Simmons and Ram Villivalam

Last Action
DateChamber Action
  2/26/2021SenateReferred to Assignments

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Extremely High Wealth Mark-to-Market Tax Act. Contains provisions concerning gains or losses of assets for individual taxpayers with net assets worth $50,000,000 or more. Creates a Task Force on mark-to-market tax administration. Sets forth penalties. Effective immediately.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Robert Peters
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  4/21/2021SenateAdded as Co-Sponsor Sen. Mike Simmons
  5/7/2021SenateAdded as Co-Sponsor Sen. Ram Villivalam

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