Illinois House Bill 4920 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Passed on August 10 2018 - 100% progression
Action: 2018-08-10 - Public Act . . . . . . . . . 100-0761
Text: Latest bill text (Chaptered) [HTML]

Amends the Principal and Income Act. Provides that, only for oil or gas from non-coal formations held in nontrust estates and by legal tenants and remaindermen (instead of "with respect only to nontrust estates, for oil or gas from non-coal formations"), proceeds from the sale of such minerals produced and received as royalty, overriding royalty, limited royalty, working interest, net profit interest, time-limited interest or term interest, or lease bonus shall be deemed income. Deletes language providing that a Section concerning non-trust estates does not apply to life estates and remainder interests in oil or gas from non-coal formations, or royalties or overriding royalties created under leases of such minerals. Makes other changes.

PRINCIPAL & INCOME-OIL & GAS

Rep. Barbara Wheeler [R]

Sen. David Koehler [D]

Sen. Paul Schimpf [R]

2018-05-17 - Senate - Third Reading in Senate (Y: 53 N: 0 NV: 6 Abs: 0) [PASS]
2018-04-24 - House - Third Reading in House (Y: 110 N: 0 NV: 2 Abs: 1) [PASS]

Date	Chamber	Action
2018-08-10	House	Public Act . . . . . . . . . 100-0761
2018-08-10	House	Effective Date January 1, 2019
2018-08-10	House	Governor Approved
2018-06-15	House	Sent to the Governor
2018-05-17	House	Passed Both Houses
2018-05-17	Senate	Third Reading - Passed; 053-000-000
2018-05-15	Senate	Placed on Calendar Order of 3rd Reading May 16, 2018
2018-05-15	Senate	Second Reading
2018-05-10	Senate	Placed on Calendar Order of 2nd Reading May 15, 2018
2018-05-10	Senate	Do Pass Revenue; 005-000-000
2018-05-01	Senate	Assigned to Revenue
2018-04-26	Senate	Added as Alternate Co-Sponsor Sen. Paul Schimpf
2018-04-25	Senate	Referred to Assignments
2018-04-25	Senate	First Reading
2018-04-25	Senate	Chief Senate Sponsor Sen. David Koehler
2018-04-24	Senate	Placed on Calendar Order of First Reading April 25, 2018
2018-04-24	Senate	Arrive in Senate
2018-04-24	House	Third Reading - Short Debate - Passed 110-000-001
2018-04-20	House	Placed on Calendar Order of 3rd Reading - Short Debate
2018-04-20	House	Second Reading - Short Debate
2018-04-19	House	Chief Sponsor Changed to Rep. Barbara Wheeler
2018-04-10	House	Placed on Calendar 2nd Reading - Short Debate
2018-04-10	House	Do Pass / Short Debate Judiciary - Civil Committee; 011-000-000
2018-04-10	House	Reported Back To Judiciary - Civil Committee;
2018-04-10	House	Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000
2018-03-23	House	To Civil Procedure Subcommittee
2018-03-07	House	Assigned to Judiciary - Civil Committee
2018-02-14	House	Referred to Rules Committee
2018-02-14	House	First Reading
2018-02-14	House	Filed with the Clerk by Rep. Ann M. Williams

Chapter	Article	Section	Citation Type	Statute Text
760	15	10	Amended Code	Citation Text
760	15	15	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4920&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB4920.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB4920eng.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB4920enr.htm
Text	https://www.ilga.gov/legislation/publicacts/100/100-0761.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000HB4920_04242018_028000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000HB4920_05172018_021000T.pdf