IL HB3086 | 2015-2016 | 99th General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on July 31 2015 - 100% progression
Action: 2015-07-31 - Public Act . . . . . . . . . 99-0213
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on July 31 2015 - 100% progression
Action: 2015-07-31 - Public Act . . . . . . . . . 99-0213
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Illinois Income Tax Act. Provides that the voting power or value of the beneficial interest or shares of a real estate investment trust does not include any voting power or value of beneficial interest or shares in a real estate investment trust held directly or indirectly in a segregated asset account by a life insurance company for the benefit of persons who are immune or exempt from taxation under subtitle A of the Internal Revenue Code.
Title
INC TX-REIT
Sponsors
| Rep. John Bradley [D] | Rep. David Harris [R] | Sen. Don Harmon [D] | Sen. Pamela Althoff [R] |
| Sen. Toi Hutchinson [D] |
Roll Calls
2015-05-19 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]
2015-04-20 - House - Third Reading in House (Y: 107 N: 0 NV: 2 Abs: 1) [PASS]
2015-04-20 - House - Third Reading in House (Y: 107 N: 0 NV: 2 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2015-07-31 | House | Public Act . . . . . . . . . 99-0213 |
| 2015-07-31 | House | Effective Date July 31, 2015 |
| 2015-07-31 | House | Governor Approved |
| 2015-06-17 | House | Sent to the Governor |
| 2015-05-19 | House | Passed Both Houses |
| 2015-05-19 | Senate | Third Reading - Passed; 055-000-000 |
| 2015-05-18 | Senate | Placed on Calendar Order of 3rd Reading May 19, 2015 |
| 2015-05-18 | Senate | Second Reading |
| 2015-04-29 | Senate | Placed on Calendar Order of 2nd Reading April 30, 2015 |
| 2015-04-29 | Senate | Approved for Consideration Assignments |
| 2015-04-29 | Senate | Added as Alternate Chief Co-Sponsor Sen. Toi W. Hutchinson |
| 2015-04-29 | Senate | Added as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff |
| 2015-04-21 | Senate | Referred to Assignments |
| 2015-04-21 | Senate | First Reading |
| 2015-04-21 | Senate | Chief Senate Sponsor Sen. Don Harmon |
| 2015-04-21 | Senate | Placed on Calendar Order of First Reading |
| 2015-04-21 | Senate | Arrive in Senate |
| 2015-04-20 | House | Third Reading - Short Debate - Passed 107-000-001 |
| 2015-04-17 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2015-04-17 | House | Second Reading - Short Debate |
| 2015-03-19 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2015-03-19 | House | House Committee Amendment No. 1 Tabled Pursuant to Rule 40 |
| 2015-03-19 | House | Do Pass as Amended / Short Debate Revenue & Finance Committee; 013-000-000 |
| 2015-03-19 | House | House Committee Amendment No. 2 Adopted in Revenue & Finance Committee; by Voice Vote |
| 2015-03-19 | House | Remains in Revenue & Finance Committee |
| 2015-03-19 | House | Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000 |
| 2015-03-19 | House | House Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee |
| 2015-03-18 | House | Added Chief Co-Sponsor Rep. David Harris |
| 2015-03-18 | House | House Committee Amendment No. 2 Referred to Rules Committee |
| 2015-03-18 | House | House Committee Amendment No. 2 Filed with Clerk by Rep. John Bradley |
| 2015-03-13 | House | To Income Tax Subcommittee |
| 2015-03-11 | House | House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee |
| 2015-03-10 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2015-03-10 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. John Bradley |
| 2015-03-10 | House | Assigned to Revenue & Finance Committee |
| 2015-02-25 | House | Referred to Rules Committee |
| 2015-02-25 | House | First Reading |
| 2015-02-24 | House | Filed with the Clerk by Rep. John Bradley |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 1501 | Amended Code | Citation Text |
