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 Bill Status of SB1798  100th General Assembly


Short Description:  EXPATRIATE CORP/FOREIGN HAVEN

Senate Sponsors
Sen. Michael E. Hastings - Cristina Castro - Jacqueline Y. Collins - Thomas Cullerton - Melinda Bush, Mattie Hunter, Scott M. Bennett and Toi W. Hutchinson

Last Action
DateChamber Action
  5/5/2017SenatePlaced on Calendar - Consideration Postponed May 9, 2017

Statutes Amended In Order of Appearance
30 ILCS 500/1-15.120 new
30 ILCS 500/45-10
30 ILCS 500/50-17 new
35 ILCS 5/1501from Ch. 120, par. 15-1501
40 ILCS 5/1-110.16


Synopsis As Introduced
Amends the Illinois Procurement Code. Provides that an expatriate corporation shall be considered a non-resident bidder for purposes of the Code. Provides that no business or member of a unitary business group shall submit a bid for or enter into a contract with a State agency under the Code if the business is an expatriate corporation. Defines "expatriate corporation". Amends the Illinois Income Tax Act. Provides that notwithstanding provisions of the Act, any person formed or incorporated in a foreign tax haven may be a member of a unitary business group without regard to where its business activities are conducted. Defines "foreign tax haven". Amends the General Provisions Article of the Illinois Pension Code. Requires the Illinois Investment Policy Board to make its best efforts to identify all expatriate companies and include those companies in the list of restricted companies distributed to each retirement system and the Illinois State Board of Investment.

Senate Floor Amendment No. 1
Deletes reference to:
30 ILCS 500/45-10
35 ILCS 5/1501

Replaces everything after the enacting clause with provisions of the introduced bill with the following changes: Changes references of "expatriate corporation" to "expatriated entity", and makes changes to the definition of "expatriated entity". Removes provisions concerning resident bidders. Includes certain exceptions to the prohibition on expatriated entities submitting bids or entering into contracts with the State. Removes changes to the Illinois Income Tax Act. In provisions amending the Illinois Pension Code, sets forth procedures for retirement systems to adhere to in dealing with expatriated entities. Makes other changes.

Senate Floor Amendment No. 2
Provides that the retirement system shall adhere to certain procedures if it determines that its engagement efforts are unsuccessful (rather than if the engagement efforts of the retirement system are unsuccessful).

Actions 
DateChamber Action
  2/9/2017SenateFiled with Secretary by Sen. Michael E. Hastings
  2/9/2017SenateFirst Reading
  2/9/2017SenateReferred to Assignments
  2/28/2017SenateAssigned to Executive
  3/14/2017SenateAdded as Co-Sponsor Sen. Mattie Hunter
  3/16/2017SenateDo Pass Executive; 011-004-000
  3/16/2017SenatePlaced on Calendar Order of 2nd Reading March 28, 2017
  3/30/2017SenateAdded as Chief Co-Sponsor Sen. Cristina Castro
  3/30/2017SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  3/30/2017SenateAdded as Chief Co-Sponsor Sen. Thomas Cullerton
  4/5/2017SenateAdded as Co-Sponsor Sen. Scott M. Bennett
  4/6/2017SenateSecond Reading
  4/6/2017SenatePlaced on Calendar Order of 3rd Reading April 25, 2017
  4/25/2017SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Michael E. Hastings
  4/25/2017SenateSenate Floor Amendment No. 1 Referred to Assignments
  4/25/2017SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Michael E. Hastings
  4/25/2017SenateSenate Floor Amendment No. 2 Referred to Assignments
  4/26/2017SenateSenate Floor Amendment No. 1 Assignments Refers to Executive
  4/26/2017SenateSenate Floor Amendment No. 2 Assignments Refers to Executive
  4/27/2017SenateSenate Floor Amendment No. 1 Recommend Do Adopt Executive; 010-005-000
  4/27/2017SenateSenate Floor Amendment No. 2 Recommend Do Adopt Executive; 010-005-000
  4/27/2017SenateAdded as Co-Sponsor Sen. Toi W. Hutchinson
  4/27/2017SenateAdded as Chief Co-Sponsor Sen. Melinda Bush
  4/28/2017SenateRule 2-10 Third Reading Deadline Established As May 31, 2017
  5/5/2017SenateRecalled to Second Reading
  5/5/2017SenateSenate Floor Amendment No. 1 Adopted; Hastings
  5/5/2017SenateSenate Floor Amendment No. 2 Adopted; Hastings
  5/5/2017SenatePlaced on Calendar Order of 3rd Reading
  5/5/2017SenateVerified
  5/5/2017SenateThird Reading - Consideration Postponed
  5/5/2017SenatePlaced on Calendar - Consideration Postponed May 9, 2017

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