Illinois General Assembly - Bill Status for SB1625

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Bill Status of SB1625 99th General Assembly

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Short Description: INC TX-REIT

Senate Sponsors
Sen. Don Harmon - Pamela J. Althoff - Toi W. Hutchinson

Last Action

Date	Chamber	Action
1/10/2017	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/1501

from Ch. 120, par. 15-1501

Synopsis As Introduced
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.

Senate Committee Amendment No. 1
Adds an immediate effective date.

Actions

Date	Chamber	Action
2/20/2015	Senate	Filed with Secretary by Sen. Don Harmon
2/20/2015	Senate	Chief Co-Sponsor Sen. Pamela J. Althoff
2/20/2015	Senate	Chief Co-Sponsor Sen. Toi W. Hutchinson
2/20/2015	Senate	First Reading
2/20/2015	Senate	Referred to Assignments
3/11/2015	Senate	Assigned to Revenue
3/12/2015	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
3/12/2015	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/17/2015	Senate	Senate Committee Amendment No. 1 Assignments Refers to Revenue
3/18/2015	Senate	Senate Committee Amendment No. 1 Adopted
3/19/2015	Senate	Do Pass as Amended Revenue; 011-000-000
3/19/2015	Senate	Placed on Calendar Order of 2nd Reading March 24, 2015
3/25/2015	Senate	Second Reading
3/25/2015	Senate	Placed on Calendar Order of 3rd Reading March 26, 2015
4/14/2015	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon
4/14/2015	Senate	Senate Floor Amendment No. 2 Referred to Assignments
4/21/2015	Senate	Senate Floor Amendment No. 2 Be Approved for Consideration Assignments
10/8/2015	Senate	Rule 2-10 Third Reading Deadline Established As October 20, 2015
10/10/2015	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
10/10/2015	Senate	Senate Floor Amendment No. 2 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b)
1/10/2017	Senate	Session Sine Die

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