Date	Chamber	Action
8/24/2009	Senate	Public Act . . . . . . . . . 96-0641

Statutes Amended In Order of Appearance

35 ILCS 5/1501

from Ch. 120, par. 15-1501

Synopsis As Introduced
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.

House Committee Amendment No. 1
Removes language concerning rulemaking authority.

Actions 

Date	Chamber	Action
2/20/2009	Senate	Filed with Secretary by Sen. Don Harmon
2/20/2009	Senate	First Reading
2/20/2009	Senate	Referred to Assignments
3/4/2009	Senate	Assigned to Revenue
3/12/2009	Senate	Do Pass Revenue; 007-000-000
3/12/2009	Senate	Placed on Calendar Order of 2nd Reading March 17, 2009
3/24/2009	Senate	Second Reading
3/24/2009	Senate	Placed on Calendar Order of 3rd Reading March 25, 2009
4/1/2009	Senate	Third Reading - Passed; 058-000-000
4/1/2009	House	Arrived in House
4/1/2009	House	Placed on Calendar Order of First Reading
4/23/2009	House	Chief House Sponsor Rep. John E. Bradley
4/23/2009	House	First Reading
4/23/2009	House	Referred to Rules Committee
4/28/2009	House	Assigned to Revenue & Finance Committee
4/29/2009	House	Motion Filed to Suspend Rule 25 Revenue & Finance Committee; Rep. Barbara Flynn Currie
4/29/2009	House	Motion to Suspend Rule 25 - Prevailed by Voice Vote
4/30/2009	House	House Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee
4/30/2009	House	House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
4/30/2009	House	Do Pass as Amended / Short Debate Revenue & Finance Committee; 012-000-000
4/30/2009	House	Placed on Calendar 2nd Reading - Short Debate
5/19/2009	House	Second Reading - Short Debate
5/19/2009	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/21/2009	House	Third Reading - Short Debate - Passed 117-000-001
5/21/2009	Senate	Secretary's Desk - Concurrence House Amendment(s) 1
5/21/2009	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 22, 2009
5/22/2009	Senate	House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon
5/22/2009	Senate	House Committee Amendment No. 1 Motion to Concur Referred to Assignments
5/26/2009	Senate	House Committee Amendment No. 1 Motion to Concur Assignments Referred to Revenue
5/26/2009	Senate	House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-000-000
5/27/2009	Senate	House Committee Amendment No. 1 Senate Concurs 057-000-000
5/27/2009	Senate	Passed Both Houses
6/25/2009	Senate	Sent to the Governor
8/24/2009	Senate	Governor Approved
8/24/2009	Senate	Effective Date August 24, 2009
8/24/2009	Senate	Public Act . . . . . . . . . 96-0641

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