SB 1719

SB 1719 (The "Privilege" Tax) UPDATE August 29, 2017:

Thanks in large part to the diligence of IVCA members who contacted their elected officials and let them know the harm which would be done to the entrepreneurial infrastructure of Illinois, measures to apply a 20% tax to capitals gains earned by investment managers, such as embodied in SB 1719 and HB 3343, did not pass during this session of the Illinois General Assembly.  Those measures may be revived at a later date and in your conversations with your local state Representative and Senator please continue to help them understand the negative impact this would have on the Illinois economy.

Don't know who your legislators are?  Check here

Find contact info for your legislators here

Sample email, click here updated 6/21/17.

Supporting documentation for your email:

Crain’s IVCA Op Ed

WSJ Illinois Policy Institute Op Ed

Crain’s “Best Cities for Monster Returns”

Barron’s “A Simple Tale of Carried Interest”

Pitchbook's 2017 Venture Ecosystem FactBook: Chicago