SB 1883 Illinois Senate · 93rd Regular Session

REAL ESTATE TRANSFER TAX

Summary

Amends the Real Estate Transfer Tax Law in the Property Tax Code. Provides that the tax is also imposed on the privilege of transferring a controlling interest in a real estate entity. Imposes the tax whether or not a document is recorded. Amends the Illinois Municipal Code and the Counties Code with respect to home rule real estate transfer taxes. Provides that those taxes may be imposed or increased by referendum to the same extent as the State tax. Amends the Stock, Commodity, or Options Transactions Tax Exemption Act. Provides that nothing in the Act shall be construed to prohibit or otherwise invalidate any real estate transfer tax or fee authorized or permitted by law. Effective immediately.

Bill status signed all 5 stages cleared

Introduction

Apr 2003

Committee Review

Nov 2003

Senate Passage

Nov 2003

House Passage

Nov 2003

Signed into Law

Jan 2004

Introduced Apr 8, 2003 Signed Jan 22, 2004

Floor votes · Senate Nov 21, 2003 · House Nov 20, 2003

How they voted

30–17

Passed · 6 other

Total votes 53

Nov 21, 2003

D Democratic28

26 Yea 2

92% Yea

R Republican25

4 Yea 17 Nay 4

68% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 22, 2004

Signed into law

Governor Approved

upper

Nov 21, 2003

Upper · Passed

Passed Both Houses

upper

Nov 21, 2003

Introduced

House Floor Amendment No. 4 Senate Concurs 034-018-000

upper

Nov 21, 2003

Introduced

House Floor Amendment No. 2 Senate Concurs 034-018-000

upper

Nov 20, 2003

Upper · Passed

House Floor Amendment No. 4 Motion to Concur Be Adopted Revenue; 008-002-000

upper

Nov 20, 2003

Upper · Passed

House Floor Amendment No. 2 Motion to Concur Be Adopted Revenue; 008-002-000

upper

Nov 20, 2003

Committee

House Floor Amendment No. 4 Motion to Concur Rules Referred to Revenue

upper

Nov 20, 2003

Committee

House Floor Amendment No. 2 Motion to Concur Rules Referred to Revenue

upper

Nov 20, 2003

Committee

House Floor Amendment No. 4 Motion to Concur Referred to Rules

upper

Nov 20, 2003

Committee

House Floor Amendment No. 2 Motion to Concur Referred to Rules

upper

Nov 20, 2003

Introduced

Placed on Calendar Order of Concurrence House Amendment(s) 02,04 - November 21, 2003

upper

Nov 20, 2003

Introduced

Secretary's Desk - Concurrence House Amendment(s) 02,04

upper

Nov 20, 2003

Lower · Passed

House Floor Amendment No. 4 Adopted by Voice Vote

lower

Nov 20, 2003

Lower · Passed

House Floor Amendment No. 4 Recommends Be Adopted Rules Committee; 005-000-000

lower

Nov 20, 2003

House · Passed

House Vote: pass (63-47-3)

house

Nov 19, 2003

Committee

House Floor Amendment No. 4 Referred to Rules Committee

lower

Nov 19, 2003

Introduced

House Floor Amendment No. 4 Filed with Clerk by Rep. Barbara Flynn Currie

lower

Nov 19, 2003

Committee

House Floor Amendment No. 3 Referred to Rules Committee

lower

Nov 19, 2003

Introduced

House Floor Amendment No. 3 Filed with Clerk by Rep. Barbara Flynn Currie

lower

Nov 19, 2003

Lower · Passed

Approved for Consideration Rules Committee; 003-002-000

lower

Jun 1, 2003

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

May 31, 2003

Lower · Passed

House Floor Amendment No. 2 Adopted by Voice Vote

lower

May 31, 2003

Lower · Passed

House Committee Amendment No. 1 Motion to Table Amendment - Prevailed 116-000-000

lower

May 30, 2003

Lower · Passed

House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000

lower

May 29, 2003

Committee

House Floor Amendment No. 2 Referred to Rules Committee

lower

May 29, 2003

Introduced

House Floor Amendment No. 2 Filed with Clerk by Rep. Barbara Flynn Currie

lower

May 29, 2003

Lower · Passed

House Committee Amendment No. 1 Motion to Table Recommends be Adopted Revenue Committee; 009-000-000

lower

May 28, 2003

Committee

House Committee Amendment No. 1 Motion Referred to Revenue Committee

lower

May 27, 2003

Committee

House Committee Amendment No. 1 Motion Referred to Rules Committee

lower

May 27, 2003

Lower · Passed

House Committee Amendment No. 1 Motion Filed Rep. Barbara Flynn Currie; to Table House Amendment No. 1

lower

May 9, 2003

Lower · Passed

Do Pass as Amended / Short Debate Revenue Committee; 007-000-000

lower

May 9, 2003

Lower · Passed

House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote

lower

May 9, 2003

Introduced

House Committee Amendment No. 1 Filed with Clerk by Revenue Committee

lower

May 1, 2003

Committee

Assigned to Revenue Committee

lower

Apr 29, 2003

Committee

Referred to Rules Committee

lower

Apr 8, 2003

Introduced

Arrived in House

lower

Apr 2, 2003

Upper · Passed

Senate Floor Amendment No. 2 Adopted; E. Jones

upper

Apr 2, 2003

Upper · Passed

Senate Floor Amendment No. 2 Be Adopted Revenue; 006-001-000

upper

Apr 2, 2003

Introduced

Senate Floor Amendment No. 2 Rules Refers to Revenue

upper

Apr 1, 2003

Committee

Senate Floor Amendment No. 2 Referred to Rules

upper

Apr 1, 2003

Introduced

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Emil Jones, Jr.

upper

Mar 13, 2003

Upper · Passed

Do Pass as Amended Revenue; 008-002-000

upper

Mar 12, 2003

Upper · Passed

Senate Committee Amendment No. 1 Adopted

upper

Mar 12, 2003

Upper · Passed

Senate Committee Amendment No. 1 Rules Refers to Revenue

upper

Mar 11, 2003

Committee

Senate Committee Amendment No. 1 Referred to Rules

upper

Mar 11, 2003

Introduced

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Patrick Welch; -E. Jones

upper

Feb 27, 2003

Committee

Assigned to Revenue

upper

Feb 20, 2003

Committee

Referred to Rules

upper

0 primary · 1 co-sponsor