Sign Up
SB 2643 Illinois Senate · 95th Regular Session

INC TX-DEFINITIONS

Summary
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 association that is taxable as a 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. Effective immediately.
Bill status failed 4 of 5 stages cleared
Introduction
Apr 2008
Committee Review
Jul 2008
Senate Passage
Apr 2008
House Passage
May 2008
Governor
Introduced Apr 17, 2008 Last action Jan 13, 2009
Floor votes · Senate Apr 16, 2008 · House May 22, 2008

How they voted

51–0
Passed · 3 other
Total votes 54
Apr 16, 2008
D Democratic33
30 Yea 3
90% Yea
R Republican21
21 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
39
Key actions
7
Committee
9
Amendments
9
Jul 1, 2008
Committee
Rule 19(b) / Re-referred to Rules Committee
lower
May 29, 2008
Introduced
Placed on Calendar Order of Non-Concurrence House Amendment(s) 1
lower
May 23, 2008
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 01-May 27, 2008
upper
May 23, 2008
Introduced
Secretary's Desk - Concurrence House Amendment(s) 01
upper
May 22, 2008
House · Passed
House Vote: pass (99-0-9)
house
May 15, 2008
Lower · Passed
Do Pass as Amended / Short Debate Revenue Committee; 007-000-000
lower
May 15, 2008
Lower · Passed
House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
lower
May 15, 2008
Introduced
House Committee Amendment No. 1 Filed with Clerk by Revenue Committee
lower
May 9, 2008
Lower · Passed
Committee Deadline Extended-Rule 9(b) May 23, 2008
lower
May 1, 2008
Committee
Assigned to Revenue Committee
lower
Apr 24, 2008
Committee
Referred to Rules Committee
lower
Apr 17, 2008
Introduced
Arrived in House
lower
Apr 16, 2008
Upper · Passed
Senate Floor Amendment No. 1 Adopted; Harmon
upper
Apr 16, 2008
Introduced
Senate Floor Amendment No. 1 Recommend Do Adopt Revenue; 006-000-000
upper
Apr 16, 2008
Senate · Passed
Senate Vote: pass (51-0-3)
senate
Apr 15, 2008
Introduced
Senate Floor Amendment No. 1 Rules Refers to Revenue
upper
Apr 9, 2008
Committee
Senate Floor Amendment No. 1 Referred to Rules
upper
Apr 9, 2008
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Don Harmon
upper
Mar 6, 2008
Upper · Passed
Do Pass Revenue; 007-000-000
upper
Feb 28, 2008
Committee
Assigned to Revenue
upper
Feb 15, 2008
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.