<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1625         </title>
<shortdesc>INC TX-REIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Don Harmon-Pamela J. Althoff-Toi W. Hutchinson</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/1501</reference><aliasreference>from Ch. 120, par. 15-1501</aliasreference><SynopsisText>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.</SynopsisText><synopsistitle>Senate Committee Amendment No. 1</synopsistitle>
<SynopsisText>Adds an immediate effective date.</SynopsisText></synopsis>
<actions>
<statusdate>2/20/2015</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Don Harmon</action>
<statusdate>2/20/2015</statusdate><chamber>Senate</chamber><action>Chief Co-Sponsor Sen. Pamela J. Althoff</action>
<statusdate>2/20/2015</statusdate><chamber>Senate</chamber><action>Chief Co-Sponsor Sen. Toi W. Hutchinson</action>
<statusdate>2/20/2015</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/20/2015</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/11/2015</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/12/2015</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon</action>
<statusdate>3/12/2015</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Assignments</action>
<statusdate>3/17/2015</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Assignments Refers to Revenue</action>
<statusdate>3/18/2015</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Adopted</action>
<statusdate>3/19/2015</statusdate><chamber>Senate</chamber><action>Do Pass as Amended Revenue;  011-000-000</action>
<statusdate>3/19/2015</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 24, 2015</action>
<statusdate>3/25/2015</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>3/25/2015</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading March 26, 2015</action>
<statusdate>4/14/2015</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon</action>
<statusdate>4/14/2015</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Referred to Assignments</action>
<statusdate>4/21/2015</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Be Approved for Consideration Assignments</action>
<statusdate>10/8/2015</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading Deadline Established As October 20, 2015</action>
<statusdate>10/10/2015</statusdate><chamber>Senate</chamber><action>Pursuant to Senate Rule 3-9(b) / Referred to Assignments</action>
<statusdate>10/10/2015</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Re-referred to Assignments;  Pursuant to Senate Rule 3-9(b)</action>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

