IL HB5502 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on July 19 2024 - 100% progression
Action: 2024-07-19 - Public Act . . . . . . . . . 103-0719
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on July 19 2024 - 100% progression
Action: 2024-07-19 - Public Act . . . . . . . . . 103-0719
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Conveyances Act. Provides that a person or entity that purchases existing residential real estate with the purpose of renovation and resale is prohibited from reselling the real estate within 6 months of purchase.
Title
REAL ESTATE-FLIPPING
Sponsors
Roll Calls
2024-05-16 - Senate - Third Reading in Senate (Y: 59 N: 0 NV: 0 Abs: 0) [PASS]
2024-04-17 - House - Third Reading in House (Y: 112 N: 0 NV: 0 Abs: 1) [PASS]
2024-04-17 - House - Third Reading in House (Y: 112 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-07-19 | House | Public Act . . . . . . . . . 103-0719 |
| 2024-07-19 | House | Effective Date January 1, 2025 |
| 2024-07-19 | House | Governor Approved |
| 2024-06-13 | House | Sent to the Governor |
| 2024-05-16 | House | Passed Both Houses |
| 2024-05-16 | Senate | Third Reading - Passed; 059-000-000 |
| 2024-05-02 | Senate | Placed on Calendar Order of 3rd Reading May 7, 2024 |
| 2024-05-02 | Senate | Second Reading |
| 2024-05-01 | Senate | Placed on Calendar Order of 2nd Reading May 2, 2024 |
| 2024-05-01 | Senate | Do Pass Judiciary; 009-000-000 |
| 2024-04-24 | Senate | Assigned to Judiciary |
| 2024-04-18 | Senate | Referred to Assignments |
| 2024-04-18 | Senate | First Reading |
| 2024-04-18 | Senate | Chief Senate Sponsor Sen. Ram Villivalam |
| 2024-04-18 | Senate | Placed on Calendar Order of First Reading |
| 2024-04-18 | Senate | Arrive in Senate |
| 2024-04-17 | House | Third Reading - Short Debate - Passed 112-000-000 |
| 2024-04-11 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2024-04-11 | House | Second Reading - Short Debate |
| 2024-04-04 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2024-04-03 | House | Do Pass / Short Debate Judiciary - Civil Committee; 014-000-000 |
| 2024-04-03 | House | House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote |
| 2024-03-20 | House | House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee |
| 2024-03-18 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2024-03-18 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Daniel Didech |
| 2024-03-12 | House | Assigned to Judiciary - Civil Committee |
| 2024-02-09 | House | Chief Sponsor Changed to Rep. Daniel Didech |
| 2024-02-09 | House | Referred to Rules Committee |
| 2024-02-09 | House | First Reading |
| 2024-02-09 | House | Filed with the Clerk by Rep. Kevin John Olickal |
