Illinois House Bill 3335 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Creates the Business Compensation Equity Fee Act. Provides that, beginning on January 1, 2018, an annual fee is imposed on each publicly traded company doing business in the State if the company reports a pay ratio between its chief executive officer's compensation and its employees' median pay of at least 100:1 on a disclosure filed with the United States Securities and Exchange Commission during the taxable year. Provides that, if the company reports a pay ratio of at least 100:1 but less than 250:1, then the amount of the fee shall be $1,500 annually, and if the company reports a pay ratio of 250:1 or greater, then the fee shall be $2,500 annually. Contains provisions concerning the administration of the Act. Effective immediately.

COMPENSATION EQUITY FEE

Rep. Jaime Andrade [D]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2017-03-31	House	Rule 19(a) / Re-referred to Rules Committee
2017-02-22	House	Assigned to Economic Justice & Equity Committee
2017-02-10	House	Referred to Rules Committee
2017-02-10	House	First Reading
2017-02-09	House	Filed with the Clerk by Rep. Jaime M. Andrade, Jr.

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3335&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB3335.htm