IL SB1625 | 2015-2016 | 99th General Assembly
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on February 20 2015 - 25% progression, died in committee
Action: 2015-10-10 - Senate Floor Amendment No. 2 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b)
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 20 2015 - 25% progression, died in committee
Action: 2015-10-10 - Senate Floor Amendment No. 2 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b)
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Provides that the voting power or value of the beneficial interest or shares of a real estate investment trust does not include any voting power or value of beneficial interest or shares in a real estate investment trust held directly or indirectly in a segregated asset account by a life insurance company for the benefit of persons who are immune or exempt from taxation under subtitle A of the Internal Revenue Code.
Title
INC TX-REIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-10-10 | Senate | Senate Floor Amendment No. 2 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b) |
| 2015-10-10 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
| 2015-10-08 | Senate | Rule 2-10 Third Reading Deadline Established As October 20, 2015 |
| 2015-04-21 | Senate | Senate Floor Amendment No. 2 Be Approved for Consideration Assignments |
| 2015-04-14 | Senate | Senate Floor Amendment No. 2 Referred to Assignments |
| 2015-04-14 | Senate | Senate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon |
| 2015-03-25 | Senate | Placed on Calendar Order of 3rd Reading March 26, 2015 |
| 2015-03-25 | Senate | Second Reading |
| 2015-03-19 | Senate | Placed on Calendar Order of 2nd Reading March 24, 2015 |
| 2015-03-19 | Senate | Do Pass as Amended Revenue; 011-000-000 |
| 2015-03-18 | Senate | Senate Committee Amendment No. 1 Adopted |
| 2015-03-17 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Revenue |
| 2015-03-12 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2015-03-12 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon |
| 2015-03-11 | Senate | Assigned to Revenue |
| 2015-02-20 | Senate | Referred to Assignments |
| 2015-02-20 | Senate | First Reading |
| 2015-02-20 | Senate | Chief Co-Sponsor Sen. Toi W. Hutchinson |
| 2015-02-20 | Senate | Chief Co-Sponsor Sen. Pamela J. Althoff |
| 2015-02-20 | Senate | Filed with Secretary by Sen. Don Harmon |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 1501 | Amended Code | Citation Text |
