IL SB3772 | 2019-2020 | 101st General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Makes changes to the definition of investment partnership to provide that a dealer in qualifying investment securities may be considered an investment partnership. Allows a partnership interest to be considered a qualified security if the interest qualifies as a security within the meaning of Section 2(a)(1) of the federal Securities Act of 1933. Effective immediately.
Title
INC TX-INVESTMENT PARTNERSHIP
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-13 | Senate | Session Sine Die |
| 2020-05-15 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020 |
| 2020-05-07 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020 |
| 2020-05-07 | Senate | Rule 2-10 Committee Deadline Established As May 22, 2020 |
| 2020-04-30 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020 |
| 2020-04-30 | Senate | Rule 2-10 Committee Deadline Established As May 15, 2020 |
| 2020-04-23 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020 |
| 2020-04-23 | Senate | Rule 2-10 Committee Deadline Established As May 7, 2020 |
| 2020-04-16 | Senate | Rule 2-10 Committee Deadline Established As April 30, 2020 |
| 2020-04-12 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
| 2020-03-25 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020 |
| 2020-03-25 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2020 |
| 2020-03-18 | Senate | Rule 2-10 Committee Deadline Established As April 2, 2020 |
| 2020-03-12 | Senate | Assigned to Revenue |
| 2020-02-14 | Senate | Referred to Assignments |
| 2020-02-14 | Senate | First Reading |
| 2020-02-14 | Senate | Filed with Secretary by Sen. Bill Cunningham |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 1501 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3772&GAID=15&DocTypeID=SB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/SB/10100SB3772.htm |
