<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4000         </title>
<shortdesc>FINANCIAL TRANSACTION TAX</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Robert "Bob" Rita</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</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. Imposes a tax on the privilege of engaging in financial transactions involving the financial assets of a hedge fund on any of the following exchanges or boards of trade: the Chicago Stock Exchange; the Chicago Mercantile Exchange; the Chicago Board of Trade; or the Chicago Board Options Exchange. Provides that the tax is imposed at a rate of $0.002 for every $1 of value traded. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/27/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Robert "Bob" Rita</action>
<statusdate>2/28/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/28/2023</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

