91st General Assembly
Status of SB1328
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 Full Text  Bill Summary

   35 ILCS 5/201             from Ch. 120, par. 2-201                          

        Amends the Illinois Income Tax Act  in  provisions  concerning  a      
   rate  reduction  for  certain foreign insurers.  In language excluding      
   certain insurers from these provisions, provides  that  premiums  from      
   reinsurance  do  not include premiums from inter-affiliate reinsurance      
   arrangements (now, reinsurance preimums do not include assumed              
   premiums from inter-affiliate pooling arrangements). Removes language       
   eliminating these rate reduction provisions for tax years ending on or      
   after  January  1,  2001.   Exempts the rate reduction from the sunset      
   provisions.  Effective immediately.                                         
   00-01-12  S  FIRST READING                                                  
   00-01-12  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   01-01-09  S  SESSION SINE DIE                                               


 Full Text  Bill Summary