INC TX-REIT
Summary
Amends the Illinois Income Tax Act. Provides that the voting power or value of the beneficial interest or shares of a real estate investment trust does not include any voting power or value of beneficial interest or shares in a real estate investment trust held directly or indirectly in a segregated asset account by a life insurance company for the benefit of persons who are immune or exempt from taxation under subtitle A of the Internal Revenue Code.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2015
Committee Review
Apr 2015
House Passage
May 2015
Senate Passage
May 2015
Signed into Law
Jul 2015
Introduced Apr 21, 2015
Signed Jul 31, 2015
Floor votes · Senate May 19, 2015 · House Apr 20, 2015
How they voted
48–0
Passed · 4 other
Total votes 52
May 19, 2015
D
Democratic33
90% Yea
R
Republican19
94% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
40
Key actions
11
Committee
11
Amendments
4
Jul 31, 2015
Signed into law
Governor Approved
lower
May 19, 2015
Lower · Passed
Passed Both Houses
lower
May 19, 2015
Senate · Passed
Senate Vote: pass (48-0-4)
senate
Apr 21, 2015
Committee
Referred to Assignments
upper
Apr 21, 2015
Introduced
Arrive in Senate
upper
Apr 20, 2015
House · Passed
House Vote: pass (95-0-9)
house
Mar 19, 2015
Amended
House Committee Amendment No. 1 Tabled Pursuant to Rule 40
lower
Mar 19, 2015
Lower · Passed
Do Pass as Amended / Short Debate Revenue & Finance Committee; 013-000-000
lower
Mar 19, 2015
Lower · Passed
House Committee Amendment No. 2 Adopted in Revenue & Finance Committee; by Voice Vote
lower
Mar 19, 2015
Lower · Passed
Remains in Revenue & Finance Committee
lower
Mar 19, 2015
Lower · Passed
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
lower
Mar 19, 2015
Lower · Passed
House Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
lower
Mar 18, 2015
Committee
House Committee Amendment No. 2 Referred to Rules Committee
lower
Mar 18, 2015
Introduced
House Committee Amendment No. 2 Filed with Clerk by Rep. John Bradley
lower
Mar 13, 2015
Lower · Passed
To Income Tax Subcommittee
lower
Mar 11, 2015
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
Mar 10, 2015
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 10, 2015
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. John Bradley
lower
Mar 10, 2015
Committee
Assigned to Revenue & Finance Committee
lower
Feb 25, 2015
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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