91st General Assembly
Summary of SB1328
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Senate Sponsors:

Short description: 
INCOME TAX-FOREIGN INSURERS                                                

Synopsis of Bill as introduced:
        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.                                         
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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