DISSOL-LIFE INS-MAINTENANCE Senate SponsorsSen. Matt Murphy House Sponsors(Rep. Jil Tracy) 8/26/2011SenatePublic Act . . . . . . . . . 97-0608 750 ILCS 5/503from Ch. 40, par. 503750 ILCS 5/504from Ch. 40, par. 504750 ILCS 5/505from Ch. 40, par. 505750 ILCS 5/510from Ch. 40, par. 510Amends the Illinois Marriage and Dissolution of Marriage Act. Provides that life insurance benefits deemed to be marital property must be allocated equitably between the parties by the court. Provides that a maintenance award ordered by a court may be secured by existing or court-ordered life insurance and, if applicable, that a judgment shall expressly set forth that payments for such insurance are excludable under the Internal Revenue Code from the gross income of the maintenance payee. Provides that in determining an award for child support, net income does not include life insurance premiums for life insurance ordered by the court to secure child support or maintenance. Provides that upon death of either party or remarriage of the party receiving maintenance, any obligation under the new provisions is terminated without a prior inconsistent agreement between the parties.House Committee Amendment No. 1 Further amends the Illinois Marriage and Dissolution of Marriage Act. Provides that an award of maintenance, upon entry of a dissolution of judgment or upon entry of an award of maintenance following a reservation of maintenance in a dissolution judgment, may be reasonably secured (instead of an award of maintenance may be reasonably secured), in whole or in part, by life insurance on the payor's life. Provides that in determining the maximum level of death benefit coverage, the court shall take into account all relevant facts and circumstances, including the impact on access to life insurance by the maintenance payor. Provides that if in resolving any issues concerning life insurance under these provisions, a court reviews any submitted or proposed application for new insurance on the life of a maintenance payor, the review shall be in camera. 2/9/2011SenateFiled with Secretary by Sen. Matt Murphy 2/9/2011SenateFirst Reading 2/9/2011SenateReferred to Assignments 3/2/2011SenateAssigned to Judiciary 3/10/2011SenateDo Pass Judiciary; 008-000-000 3/10/2011SenatePlaced on Calendar Order of 2nd Reading March 15, 2011 3/15/2011SenateSecond Reading 3/15/2011SenatePlaced on Calendar Order of 3rd Reading March 16, 2011 4/15/2011SenateRule 2-10 Third Reading Deadline Established As May 4, 2011 5/3/2011SenateThird Reading - Passed; 056-000-000 5/3/2011HouseArrived in House 5/3/2011HousePlaced on Calendar Order of First Reading 5/3/2011HouseChief House Sponsor Rep. Jil Tracy 5/4/2011HouseFirst Reading 5/4/2011HouseReferred to Rules Committee 5/11/2011HouseAssigned to Judiciary I - Civil Law Committee 5/11/2011HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jil Tracy 5/11/2011HouseHouse Committee Amendment No. 1 Referred to Rules Committee 5/13/2011HouseCommittee Deadline Extended-Rule 9(b) May 20, 2011 5/16/2011HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary I - Civil Law Committee 5/18/2011HouseHouse Committee Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote 5/18/2011HouseDo Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 011-000-000 5/18/2011HousePlaced on Calendar 2nd Reading - Short Debate 5/20/2011HouseSecond Reading - Short Debate 5/20/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/25/2011HouseThird Reading - Short Debate - Passed 117-000-000 5/25/2011SenateSecretary's Desk - Concurrence House Amendment(s) 1 5/25/2011SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 26, 2011 5/27/2011SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Matt Murphy 5/27/2011SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments 5/27/2011SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Judiciary 5/27/2011SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary; 006-000-000 5/29/2011SenateHouse Committee Amendment No. 1 Senate Concurs 053-000-000 5/29/2011SenatePassed Both Houses 6/27/2011SenateSent to the Governor 8/26/2011SenateGovernor Approved 8/26/2011SenateEffective Date January 1, 2012 8/26/2011SenatePublic Act . . . . . . . . . 97-0608