Illinois General Assembly - Full Text of HB5042
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Full Text of HB5042  102nd General Assembly

HB5042eng 102ND GENERAL ASSEMBLY

  
  
  

 


 
HB5042 EngrossedLRB102 24220 NLB 33449 b

1    AN ACT concerning wildlife.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Wildlife Code is amended by changing
5Section 3.1-6 as follows:
 
6    (520 ILCS 5/3.1-6)
7    Sec. 3.1-6. Special deer, turkey, and combination hunting
8licenses.
9    (a) For the purpose of this Section:
10    "Bona fide equity member" means an individual who:
11        (1) (i) became a member upon the formation of the
12    limited liability company or (ii) has purchased a
13    distributional interest in a limited liability company for
14    a value equal to the percentage of the appraised value of
15    the LLC assets represented by the distributional interest
16    in the LLC and subsequently becomes a member of the
17    company under Article 30 of the Limited Liability Company
18    Act; and
19        (2) intends to retain the membership for at least 5
20    years.
21    "Bona fide equity partner" means an individual who:
22        (1) (i) became a partner, either general or limited,
23    upon the formation of a partnership or limited

 

 

HB5042 Engrossed- 2 -LRB102 24220 NLB 33449 b

1    partnership, or (ii) has purchased, acquired, or been
2    gifted a partnership interest accurately representing his
3    or her percentage distributional interest in the profits,
4    losses, and assets of a partnership or limited
5    partnership;
6        (2) intends to retain ownership of the partnership
7    interest for at least 5 years; and
8        (3) is a resident of this State.
9    "Bona fide equity shareholder" means an individual who:
10        (1) purchased, for market price, publicly sold stock
11    shares in a corporation, purchased shares of a
12    privately-held corporation for a value equal to the
13    percentage of the appraised value of the corporate assets
14    represented by the ownership in the corporation, or is a
15    member of a closely-held family-owned corporation and has
16    purchased or been gifted with shares of stock in the
17    corporation accurately reflecting his or her percentage of
18    ownership; and
19        (2) intends to retain the ownership of the shares of
20    stock for at least 5 years.
21    (b) Landowner Deer, Turkey, and combination permits shall
22be issued without charge to:
23        (1) Illinois landowners residing in this State who own
24    at least 40 acres of Illinois land and wish to hunt upon
25    their land only;
26        (2) resident tenants of at least 40 acres of

 

 

HB5042 Engrossed- 3 -LRB102 24220 NLB 33449 b

1    commercial agricultural land where they will hunt; and
2        (3) bona fide equity shareholders of a corporation,
3    bona fide equity members of a limited liability company,
4    or bona fide equity partners of a general or limited
5    partnership which owns at least 40 acres of land in a
6    county in this State who wish to hunt on the
7    corporation's, company's, or partnership's land only. One
8    permit shall be issued without charge to one bona fide
9    equity shareholder, one bona fide equity member, or one
10    bona fide equity partner for each 40 acres of land owned by
11    the corporation, company, or partnership in a county;
12    however, the number of permits issued without charge to
13    bona fide equity shareholders of any corporation or bona
14    fide equity members of a limited liability company in any
15    county shall not exceed 15, and shall not exceed 3 in the
16    case of bona fide equity partners of a partnership.
17    Bona fide landowners or tenants who do not wish to hunt
18only on the land they own, rent, or lease or bona fide equity
19shareholders, bona fide equity members, or bona fide equity
20partners who do not wish to hunt only on the land owned by the
21corporation, limited liability company, or partnership shall
22be charged the same fee as the applicant who is not a
23landowner, tenant, bona fide equity shareholder, bona fide
24equity member, or bona fide equity partner. Nonresidents of
25this State who own at least 40 acres of land and wish to hunt
26on their land only shall be charged a fee set by administrative

 

 

HB5042 Engrossed- 4 -LRB102 24220 NLB 33449 b

1rule. The method for obtaining these permits shall be
2prescribed by administrative rule.
3    (c) The deer, turkey, or combination hunting permit issued
4without fee shall be valid on all farm lands which the person
5to whom it is issued owns, leases or rents, except that in the
6case of a permit issued to a bona fide equity shareholder, bona
7fide equity member, or bona fide equity partner, the permit
8shall be valid on all lands owned by the corporation, limited
9liability company, or partnership in the county.
10    (d) Resident and nonresident landowners shall complete a
11landowner permit application and submit proof of eligible land
12ownership to the Department once every 5 years.
13(Source: P.A. 99-869, eff. 1-1-17.)