IDOR-FINANCIAL INSTITUTIONS Senate SponsorsSen. Pamela J. Althoff and Michael Noland-Darin M. LaHood House Sponsors(Rep. Peter Breen) 1/10/2017SenateSession Sine Die 20 ILCS 2505/2505-760 newAmends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that a person or entity in possession of property or rights to property upon which a levy has been made, or any person who is obligated with respect to that property, who surrenders that property, those rights, or those obligations upon demand of the Director of Revenue is discharged from any obligation or liability to the delinquent taxpayer and any other person with respect to that property. Provides that the Department of Revenue may indemnify any financial institution that returns fraudulent funds to the Department based on the bona fide belief that the funds held by the financial institution were deposited as a result of fraud committed against a taxpayer, the Department, or another agency of the State. Effective immediately. 2/20/2015SenateFiled with Secretary by Sen. Darin M. LaHood 2/20/2015SenateFirst Reading 2/20/2015SenateReferred to Assignments 3/11/2015SenateAssigned to Revenue 3/19/2015SenateTo Subcommittee on Special Issues (RV) 3/24/2015SenateAdded as Co-Sponsor Sen. Michael Noland 3/25/2015SenateChief Sponsor Changed to Sen. Pamela J. Althoff 3/25/2015SenateAdded as Chief Co-Sponsor Sen. Darin M. LaHood 3/25/2015SenateReported Back To Revenue; 003-000-000 3/26/2015SenateDo Pass Revenue; 010-000-000 3/26/2015SenatePlaced on Calendar Order of 2nd Reading April 14, 2015 4/15/2015SenateSecond Reading 4/15/2015SenatePlaced on Calendar Order of 3rd Reading April 16, 2015 4/22/2015SenateThird Reading - Passed; 057-000-000 4/22/2015HouseArrived in House 4/22/2015HouseChief House Sponsor Rep. Peter Breen 4/22/2015HouseFirst Reading 4/22/2015HouseReferred to Rules Committee 5/4/2015HouseAssigned to Revenue & Finance Committee 5/8/2015HouseCommittee Deadline Extended-Rule 9(b) May 15, 2015 5/15/2015HouseRule 19(a) / Re-referred to Rules Committee 1/10/2017SenateSession Sine Die