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It's Baaaaack: The Illinois "Privilege Tax" Bill!

Authored by Mark Glennon via WirePoints.com, Undeterred by national ridicule heaped on Illinois last year, statehouse Democrats are pushing again for passage of the “privilege tax” on investment managers.   HB 4293 would impose a 20% tax, in addition to all other taxes, on fees that are based on capital gains. Hedge funds, private equity and venture capital would all be hit - for as long as it took them to leave, that is.
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