Bill Status of SB3189 100th General Assembly
Short Description: INC TAX-INVESTMENT MANAGEMENT
Sen. John J. Cullerton
| 1/9/2019||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax. Imposes a privilege tax on partnerships and S corporations engaged in the business of conducting investment management services at the rate of 20% of the fees calculated by reference to the performance of the investment portfolio funds and not from the investment itself.