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SB 1953 Illinois Senate · 98th Regular Session

PROP TX-PPV LEASES

Summary
Amends the Property Tax Code. In a Section concerning valuation of PPV leases, provides that the term "net income" means all revenues received minus actual expenses before interest, taxes, depreciation, and amortization (now, "net income" means all revenues received minus the lesser of (i) 42% of all revenue or (ii) actual expenses before interest, taxes, depreciation, and amortization). Effective January 1, 2014.
Bill status signed all 5 stages cleared
Introduction
Apr 2013
Committee Review
May 2013
Senate Passage
May 2013
House Passage
May 2013
Signed into Law
Aug 2013
Introduced Apr 12, 2013 Signed Aug 16, 2013
Floor votes · Senate Apr 12, 2013 · House May 20, 2013

How they voted

41–0
Passed · 6 other
Total votes 47
Apr 12, 2013
D Democratic30
24 Yea 6
80% Yea
R Republican17
17 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
47
Key actions
11
Committee
12
Amendments
6
Aug 16, 2013
Signed into law
Governor Approved
upper
May 20, 2013
Upper · Passed
Passed Both Houses
upper
May 9, 2013
Lower · Passed
Do Pass / Short Debate Revenue & Finance Committee; 010-000-000
lower
May 9, 2013
Lower · Passed
Remains in Revenue & Finance Committee
lower
May 9, 2013
Lower · Passed
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000
lower
May 2, 2013
Lower · Passed
To Property Tax Subcommittee
lower
May 1, 2013
Committee
Assigned to Revenue & Finance Committee
lower
Apr 12, 2013
Committee
Referred to Rules Committee
lower
Apr 12, 2013
Introduced
Arrived in House
lower
Apr 12, 2013
Senate · Passed
Senate Vote: pass (41-0-6)
senate
Apr 10, 2013
Upper · Passed
Senate Floor Amendment No. 2 Adopted; Link
upper
Mar 20, 2013
Introduced
Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 011-000-000
upper
Mar 20, 2013
Introduced
Senate Floor Amendment No. 2 Assignments Refers to Revenue
upper
Mar 19, 2013
Committee
Senate Floor Amendment No. 2 Referred to Assignments
upper
Mar 19, 2013
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Terry Link
upper
Mar 13, 2013
Upper · Passed
Do Pass as Amended Revenue; 010-000-000
upper
Mar 13, 2013
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Mar 13, 2013
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Revenue
upper
Mar 12, 2013
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Mar 12, 2013
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link
upper
Mar 5, 2013
Committee
Assigned to Revenue
upper
Feb 15, 2013
Committee
Referred to Assignments
upper
0 primary · 4 co-sponsors

Sponsors

No sponsor information available.