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SB 1975 Illinois Senate · 96th Regular Session

INC TX-DEFINITIONS

Summary
Amends the Illinois Income Tax Act concerning the definition of "captive real estate investment trusts". Provides that, to be a captive real estate investment trust, at least 50% of the voting power must be controlled by a single corporation (now, controlled by a single person). Exempts from the definition certain real estate investment trusts that are owned and controlled by certain entities that are organized outside of the laws of the United States. Imposes conditions on any rulemaking authority. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2009
Committee Review
May 2009
Senate Passage
May 2009
House Passage
May 2009
Signed into Law
Aug 2009
Introduced Apr 1, 2009 Signed Aug 24, 2009
Floor votes · Senate May 27, 2009 · House May 21, 2009

How they voted

56–0
Passed · 2 other
Total votes 58
May 27, 2009
D Democratic36
34 Yea 2
94% Yea
R Republican22
22 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
37
Key actions
9
Committee
11
Amendments
4
Aug 24, 2009
Signed into law
Governor Approved
upper
May 27, 2009
Upper · Passed
Passed Both Houses
upper
May 27, 2009
Upper · Passed
House Committee Amendment No. 1 Senate Concurs 057-000-000
upper
May 26, 2009
Upper · Passed
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-000-000
upper
May 26, 2009
Committee
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Revenue
upper
May 22, 2009
Committee
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
upper
May 21, 2009
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 22, 2009
upper
May 21, 2009
Introduced
Secretary's Desk - Concurrence House Amendment(s) 1
upper
May 21, 2009
House · Passed
House Vote: pass (112-0-1)
house
Apr 30, 2009
Lower · Passed
Do Pass as Amended / Short Debate Revenue & Finance Committee; 012-000-000
lower
Apr 30, 2009
Lower · Passed
House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
lower
Apr 30, 2009
Introduced
House Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee
lower
Apr 29, 2009
Lower · Passed
Motion Filed to Suspend Rule 25 Revenue & Finance Committee; Rep. Barbara Flynn Currie
lower
Apr 28, 2009
Committee
Assigned to Revenue & Finance Committee
lower
Apr 23, 2009
Committee
Referred to Rules Committee
lower
Apr 1, 2009
Introduced
Arrived in House
lower
Mar 12, 2009
Upper · Passed
Do Pass Revenue; 007-000-000
upper
Mar 4, 2009
Committee
Assigned to Revenue
upper
Feb 20, 2009
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.