INC TX-REIT House SponsorsRep. John Bradley-David Harris Senate Sponsors(Sen. Don Harmon-Pamela J. Althoff-Toi W. Hutchinson) 7/31/2015HousePublic Act . . . . . . . . . 99-0213 35 ILCS 5/1501from Ch. 120, par. 15-1501 Amends the Illinois Income Tax Act. Provides that the voting power or value of the beneficial interest or shares of a real estate investment trust does not include any voting power or value of beneficial interest or shares in a real estate investment trust held directly or indirectly in a segregated asset account by a life insurance company for the benefit of persons who are immune or exempt from taxation under subtitle A of the Internal Revenue Code.House Committee Amendment No. 2 Provides that the provisions of the introduced bill apply to taxable years ending on or after August 16, 2007. Removes language providing that the provisions of the introduced bill are declarative of existing law. Provides that the bill is effective immediately. 2/24/2015HouseFiled with the Clerk by Rep. John Bradley 2/25/2015HouseFirst Reading 2/25/2015HouseReferred to Rules Committee 3/10/2015HouseAssigned to Revenue & Finance Committee 3/10/2015HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. John Bradley 3/10/2015HouseHouse Committee Amendment No. 1 Referred to Rules Committee 3/11/2015HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee 3/13/2015HouseTo Income Tax Subcommittee 3/18/2015HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. John Bradley 3/18/2015HouseHouse Committee Amendment No. 2 Referred to Rules Committee 3/18/2015HouseAdded Chief Co-Sponsor Rep. David Harris 3/19/2015HouseHouse Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee 3/19/2015HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000 3/19/2015HouseRemains in Revenue & Finance Committee 3/19/2015HouseHouse Committee Amendment No. 2 Adopted in Revenue & Finance Committee; by Voice Vote 3/19/2015HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 013-000-000 3/19/2015HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40 3/19/2015HousePlaced on Calendar 2nd Reading - Short Debate 4/17/2015HouseSecond Reading - Short Debate 4/17/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/20/2015HouseThird Reading - Short Debate - Passed 107-000-001 4/21/2015SenateArrive in Senate 4/21/2015SenatePlaced on Calendar Order of First Reading 4/21/2015SenateChief Senate Sponsor Sen. Don Harmon 4/21/2015SenateFirst Reading 4/21/2015SenateReferred to Assignments 4/29/2015SenateAdded as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff 4/29/2015SenateAdded as Alternate Chief Co-Sponsor Sen. Toi W. Hutchinson 4/29/2015SenateApproved for Consideration Assignments 4/29/2015SenatePlaced on Calendar Order of 2nd Reading April 30, 2015 5/18/2015SenateSecond Reading 5/18/2015SenatePlaced on Calendar Order of 3rd Reading May 19, 2015 5/19/2015SenateThird Reading - Passed; 055-000-000 5/19/2015HousePassed Both Houses 6/17/2015HouseSent to the Governor 7/31/2015HouseGovernor Approved 7/31/2015HouseEffective Date July 31, 2015 7/31/2015HousePublic Act . . . . . . . . . 99-0213