IL SB1975 | 2009-2010 | 96th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on August 24 2009 - 100% progression
Action: 2009-08-24 - Public Act . . . . . . . . . 96-0641
Text: Latest bill text (Enrolled) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on August 24 2009 - 100% progression
Action: 2009-08-24 - Public Act . . . . . . . . . 96-0641
Text: Latest bill text (Enrolled) [HTML]
Summary
Amends the Illinois Income Tax Act concerning the definition of "captive real estate investment trusts". Provides that, to be a captive real estate investment trust, at least 50% of the voting power must be controlled by a single corporation (now, controlled by a single person). Exempts from the definition certain real estate investment trusts that are owned and controlled by certain entities that are organized outside of the laws of the United States. Imposes conditions on any rulemaking authority. Effective immediately.
Title
INC TX-DEFINITIONS
Sponsors
| Sen. Don Harmon [D] |
Roll Calls
2009-05-27 - Senate - Concurrence in Senate (Y: 52 N: 0 NV: 2 Abs: 0) [PASS]
2009-05-21 - House - Third Reading in House (Y: 117 N: 0 NV: 1 Abs: 0) [PASS]
2009-04-01 - Senate - Third Reading in Senate (Y: 53 N: 0 NV: 1 Abs: 0) [PASS]
2009-05-21 - House - Third Reading in House (Y: 117 N: 0 NV: 1 Abs: 0) [PASS]
2009-04-01 - Senate - Third Reading in Senate (Y: 53 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2009-08-24 | Public Act . . . . . . . . . 96-0641 | |
| 2009-08-24 | Effective Date August 24, 2009 | |
| 2009-08-24 | Governor Approved | |
| 2009-06-25 | Sent to the Governor | |
| 2009-05-27 | Passed Both Houses | |
| 2009-05-27 | House Committee Amendment No. 1 Senate Concurs 057-000-000 | |
| 2009-05-26 | House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-000-000 | |
| 2009-05-26 | House Committee Amendment No. 1 Motion to Concur Assignments Referred to Revenue | |
| 2009-05-22 | House Committee Amendment No. 1 Motion to Concur Referred to Assignments | |
| 2009-05-22 | House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon | |
| 2009-05-21 | Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 22, 2009 | |
| 2009-05-21 | Secretary's Desk - Concurrence House Amendment(s) 1 | |
| 2009-05-21 | Third Reading - Short Debate - Passed 117-000-001 | |
| 2009-05-19 | Placed on Calendar Order of 3rd Reading - Short Debate | |
| 2009-05-19 | Second Reading - Short Debate | |
| 2009-04-30 | Placed on Calendar 2nd Reading - Short Debate | |
| 2009-04-30 | Do Pass as Amended / Short Debate Revenue & Finance Committee; 012-000-000 | |
| 2009-04-30 | House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote | |
| 2009-04-30 | House Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee | |
| 2009-04-29 | Motion to Suspend Rule 25 - Prevailed by Voice Vote | |
| 2009-04-29 | Motion Filed to Suspend Rule 25 Revenue & Finance Committee; Rep. Barbara Flynn Currie | |
| 2009-04-28 | Assigned to Revenue & Finance Committee | |
| 2009-04-23 | Referred to Rules Committee | |
| 2009-04-23 | First Reading | |
| 2009-04-23 | Chief House Sponsor Rep. John E. Bradley | |
| 2009-04-01 | Placed on Calendar Order of First Reading | |
| 2009-04-01 | Arrived in House | |
| 2009-04-01 | Third Reading - Passed; 058-000-000 | |
| 2009-03-24 | Placed on Calendar Order of 3rd Reading March 25, 2009 | |
| 2009-03-24 | Second Reading | |
| 2009-03-12 | Placed on Calendar Order of 2nd Reading March 17, 2009 | |
| 2009-03-12 | Do Pass Revenue; 007-000-000 | |
| 2009-03-04 | Assigned to Revenue | |
| 2009-02-20 | Referred to Assignments | |
| 2009-02-20 | First Reading | |
| 2009-02-20 | Filed with Secretary by Sen. Don Harmon |
