PETERSON. (MOORE,ANDREA) 35 ILCS 5/1501 from Ch. 120, par. 15-1501 Amends the Illinois Income Tax Act. Changes the definition of "sales finance company" to include within the Act certain corporations or a person primarily engaged in the business of purchasing or making loans upon the security of customer receivables (now, retail installment contracts, retail charge agreements, or the outstanding balances under such agreements). Defines customer receivable. Provides that this amendatory Act is declaratory of existing law. Effective January 1, 2000. HOUSE AMENDMENT NO. 1. Changes the definition of "sales finance company" to include within the Act a person primarily engaged in the business of purchasing customer receivables, making loans upon the security of customer receivables, making loans to fund purchases of personal property or services by the borrower, or finance leasing. Provides that a finance lease shall be treated as a loan or other extension of credit. 99-02-24 S FIRST READING 99-02-24 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-25 S ASSIGNED TO COMMITTEE REVENUE 99-03-11 S DO PASS 009-000-000 SREV 99-03-11 S PLACED ON CALENDAR ORDER OF 2ND READING 99-03-16 99-03-16 S SECOND READING 99-03-16 S PLACED ON CALENDAR ORDER OF 3RD READING 99-03-17 99-03-18 S THIRD READING - PASSED 059-000-000 99-03-18 H ARRIVE IN HOUSE 99-03-18 H HOUSE SPONSOR MOORE,ANDREA 99-03-18 H PLACED CALENDAR ORDER OF FIRST READING 99-03-19 H FIRST READING 99-03-19 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-03-26 H ASSIGNED TO COMMITTEE REVENUE 99-04-29 H AMENDMENT NO. 01-REVENUE H 99-04-29 H ADOPTED 99-04-29 H DO PASS AMENDED/SHORT DEBATE 008-000-000 HREV 99-04-29 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-05-04 H SECOND READING-SHORT DEBATE 99-05-04 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-05-05 H THIRD READING/SHORT DEBATE/PASSED 117-000-000 99-05-06 S SECRETARYS DESK - CONCURRENCE 01 99-05-11 S FILED WITH SECRETARY 99-05-11 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PETERSON 99-05-11 S MOTION REFERRED TO SRUL 99-05-12 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PETERSON 99-05-12 S RULES REFERS TO SREV 99-05-18 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PETERSON 99-05-18 S BE APPROVED FOR CONSIDERATION SREV/007-000-000 99-05-18 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/PETERSON 99-05-18 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/059-000-000 99-05-18 S PASSED BOTH HOUSES 99-06-16 S SENT TO THE GOVERNOR 99-08-13 S GOVERNOR APPROVED 99-08-13 S EFFECTIVE DATE 00-01-01 99-08-13 S PUBLIC ACT.............................. 91-0535 END OF INQUIRY Full Text Bill Summary