Illinois General Assembly

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 Bill Status of HB4194  93rd General Assembly


Short Description:  FOREIGN TAX HAVENS

House Sponsors
Rep. Gary Hannig - Jack D. Franks - Donald L. Moffitt - Eddie Washington - Linda Chapa LaVia, Michael K. Smith, Monique D. Davis, Patricia Bailey, Patrick Verschoore, Mike Boland, Thomas Holbrook, Frank Aguilar, Maria Antonia Berrios, Steve Davis, Frank J. Mautino, Susana Mendoza and Jack McGuire

Senate Sponsors
(Sen. Jeffrey M. Schoenberg - John J. Cullerton - Gary Forby - Susan Garrett - James A. DeLeo, Don Harmon and Edward D. Maloney)

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 500/1-15.120 new
30 ILCS 500/45-10
30 ILCS 500/50-17 new
35 ILCS 5/1501from Ch. 120, par. 15-1501


Synopsis As Introduced
Amends the Procurement Code. Defines "expatriate corporation" as a foreign incorporated entity that (1) is publicly traded in the United States, (2) is incorporated in a tax haven, (3) less than 10% of the gross income of which is derived from activities in the tax haven, (4) less than 10% of the employees of which are permanently located in the tax haven, and (5) has certain ownership or other business interest connections with a domestic corporation or partnership. Provides that an expatriate corporation shall be considered a non-resident bidder. Provides that no business or member of a unitary business group, as defined in the Illinois Income Tax Act, shall submit a bid for or enter into a contract with a State agency under this Code if that business or any member of the unitary business group is an expatriate corporation. Amends the Illinois Income Tax Act. Provides that notwithstanding the definition of "unitary business group", any person formed or incorporated in a foreign tax haven may be a member of a unitary business group without regard to where its business activities are conducted. Lists those places that are "foreign tax havens". Provides that the term "foreign tax haven" also includes any foreign country that does not impose a substantial business income tax or other substantial business activity tax, as determined by the Department by rule. Effective July 1, 2004.

Actions 
DateChamber Action
  1/26/2004HouseFiled with the Clerk by Rep. Gary Hannig
  1/26/2004HouseChief Co-Sponsor Rep. Jack D. Franks
  1/26/2004HouseFirst Reading
  1/26/2004HouseReferred to Rules Committee
  2/3/2004HouseReferred to State Government Administration Committee
  2/10/2004HouseAdded Chief Co-Sponsor Rep. Donald L. Moffitt
  2/10/2004HouseAdded Chief Co-Sponsor Rep. Eddie Washington
  2/10/2004HouseAdded Chief Co-Sponsor Rep. Linda Chapa LaVia
  2/10/2004HouseAdded Co-Sponsor Rep. Michael K. Smith
  2/10/2004HouseAdded Co-Sponsor Rep. Monique D. Davis
  2/10/2004HouseAdded Co-Sponsor Rep. Patricia Bailey
  2/19/2004HouseAdded Co-Sponsor Rep. Patrick Verschoore
  2/20/2004HouseDo Pass / Short Debate State Government Administration Committee; 010-000-001
  2/20/2004HousePlaced on Calendar 2nd Reading - Short Debate
  2/24/2004HouseSecond Reading - Short Debate
  2/24/2004HousePlaced on Calendar Order of 3rd Reading - Short Debate
  2/24/2004HouseAdded Co-Sponsor Rep. Mike Boland
  2/24/2004HouseAdded Co-Sponsor Rep. Thomas Holbrook
  2/25/2004HouseAdded Co-Sponsor Rep. Frank Aguilar
  2/25/2004HouseAdded Co-Sponsor Rep. Maria Antonia Berrios
  2/25/2004HouseAdded Co-Sponsor Rep. Steve Davis
  2/25/2004HouseAdded Co-Sponsor Rep. Frank J. Mautino
  2/25/2004HouseAdded Co-Sponsor Rep. Susana Mendoza
  2/25/2004HouseThird Reading - Short Debate - Passed 113-000-001
  2/25/2004HouseAdded Co-Sponsor Rep. Jack McGuire
  2/26/2004SenateArrive in Senate
  2/26/2004SenatePlaced on Calendar Order of First Reading
  2/26/2004SenateChief Senate Sponsor Sen. Jeffrey M. Schoenberg
  2/26/2004SenateFirst Reading
  2/26/2004SenateReferred to Rules
  3/2/2004SenateAdded as Alternate Chief Co-Sponsor Sen. John J. Cullerton
  3/3/2004SenateAdded as Alternate Chief Co-Sponsor Sen. Gary Forby
  3/3/2004SenateAdded as Alternate Chief Co-Sponsor Sen. Susan Garrett
  3/3/2004SenateAdded as Alternate Chief Co-Sponsor Sen. Edward D. Maloney
  3/10/2004SenateAdded as Alternate Co-Sponsor Sen. Don Harmon
  3/25/2004SenateAssigned to Executive
  3/31/2004SenatePostponed - Executive
  4/26/2004SenateSponsor Removed Sen. Edward D. Maloney
  4/26/2004SenateAdded as Alternate Co-Sponsor Sen. Edward D. Maloney
  4/26/2004SenateAdded as Alternate Chief Co-Sponsor Sen. James A. DeLeo
  4/29/2004SenateTo Subcommittee
  4/30/2004SenateRule 3-9(a) / Re-referred to Rules
  1/11/2005HouseSession Sine Die

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