HB 5502 Illinois House · 103rd Regular Session

REAL ESTATE-FLIPPING

Summary

Amends the Conveyances Act. Provides that a person or entity that purchases existing residential real estate with the purpose of renovation and resale is prohibited from reselling the real estate within 6 months of purchase.

Bill status signed all 4 stages cleared

Introduction

Apr 2024

Committee Review

May 2024

House Passage

May 2024

Signed into Law

Jul 2024

Introduced Apr 18, 2024 Signed Jul 19, 2024

Floor votes · House Apr 17, 2024

How they voted

111–0

Passed · 6 other

Total votes 117

Apr 17, 2024

D Democratic77

73 Yea 4

94% Yea

R Republican40

38 Yea 2

95% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jul 19, 2024

Signed into law

Governor Approved

lower

May 16, 2024

Lower · Passed

Passed Both Houses

lower

May 16, 2024

Lower · Passed

Third Reading - Passed; 059-000-000

lower

May 1, 2024

Lower · Passed

Do Pass Judiciary; 009-000-000

lower

Apr 24, 2024

Committee

Assigned to Judiciary

lower

Apr 18, 2024

Committee

Referred to Assignments

lower

Apr 18, 2024

Introduced

Arrive in Senate

lower

Apr 17, 2024

Lower · Passed

Third Reading - Short Debate - Passed 112-000-000

lower

Apr 3, 2024

Lower · Passed

Do Pass / Short Debate Judiciary - Civil Committee; 014-000-000

lower

Apr 3, 2024

Lower · Passed

House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote

lower

Mar 20, 2024

Lower · Passed

House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee

lower

Mar 18, 2024

Committee

House Committee Amendment No. 1 Referred to Rules Committee

lower

Mar 18, 2024

Introduced

House Committee Amendment No. 1 Filed with Clerk by Rep. Daniel Didech

lower

Mar 12, 2024

Committee

Assigned to Judiciary - Civil Committee

lower

Feb 9, 2024

Committee

Referred to Rules Committee

lower

2 primary · 0 co-sponsors