INC TAX-REGULATED INVEST CO House SponsorsRep. Robert S. Molaro Senate Sponsors(Sen. Emil Jones, Jr.) 1/11/2005HouseSession Sine Die 35 ILCS 5/203from Ch. 120, par. 2-203 Amends the Illinois Income Tax Act with respect to regulated investment companies. Provides that an addition to income is an amount computed using net capital gain (now, net long-term capital gain). States that this is declarative of existing law. Effective immediately.Fiscal Note (Department of Revenue) There would be little to no impact on State revenues or the Department since this legislation simply codifies existing practice. 2/28/2003HouseFiled with the Clerk by Rep. Robert S. Molaro 2/28/2003HouseFirst Reading 2/28/2003HouseReferred to Rules Committee 3/5/2003HouseAssigned to Revenue Committee 3/13/2003HouseDo Pass / Short Debate Revenue Committee; 009-000-000 3/13/2003HousePlaced on Calendar 2nd Reading - Short Debate 3/18/2003HouseFiscal Note Filed 4/3/2003HouseSecond Reading - Short Debate 4/3/2003HouseHeld on Calendar Order of Second Reading - Short Debate 4/4/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/4/2003HouseThird Reading - Short Debate - Passed 118-000-000 4/8/2003SenateArrive in Senate 4/8/2003SenatePlaced on Calendar Order of First Reading April 9, 2003 5/13/2003SenateChief Senate Sponsor Sen. Emil Jones, Jr. 5/14/2003SenateFirst Reading 5/14/2003SenateReferred to Rules 1/11/2005HouseSession Sine Die