Comments: IL HB3603 | 2015-2016 | 99th General Assembly

Bill Title: Amends the Cemetery Care Act. Amends the definition of "care funds" to delete language including income accumulated from funds held in trust for the care of the cemetery. Defines "income" as any return received in money or property derived from the use and investment of the principal or corpus of the trust, including distributions in the form of a stock dividend and the amount of a net gain or loss realized from proceeds of the sale, redemption, transfer, or other disposition of the trust principal or corpus.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2015-04-24 - Rule 19(a) / Re-referred to Rules Committee [HB3603 Detail]

Text: Latest bill text (Introduced) [HTML]

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