BUSINESS-FUND TRANSFERS Senate SponsorsSen. Heather A. Steans House Sponsors(Rep. Gregory Harris) 7/22/2016SenatePublic Act . . . . . . . . . 99-0620 805 ILCS 5/15.95from Ch. 32, par. 15.95805 ILCS 5/15.97from Ch. 32, par. 15.97805 ILCS 206/108Amends the Business Corporation Act of 1983. In provisions concerning the Department of Business Services Special Operations Fund, provides that on or before August 31 of each year, the balance in the Fund in excess of $600,000 shall be transferred to the General Revenue Fund (rather than the balance in the Fund at the end of any fiscal year shall not exceed $600,000 and any amount in excess thereof shall be transferred to the General Revenue Fund). In provisions concerning the Corporate Franchise Tax Refund Fund, provides that on or before August 31 of each year, the balance in the Fund in excess of $100,000 shall be transferred to the General Revenue Fund (rather than within a reasonable time after the 30th day of June of each year, the Secretary of State shall direct and the Comptroller shall order transferred to the General Revenue Fund all amounts in excess of $100,000 remaining in the fund as of June 30). Amends the Uniform Partnership Act (1997). In a provision concerning the Division of Corporations Limited Liability Partnership Fund, provides that on or before August 31 of each year, the balance in the Fund in excess of $200,000 shall be transferred to the General Revenue Fund (rather than the balance of the Fund at the end of any fiscal year shall not exceed $200,000, and any amount in excess thereof shall be transferred to the General Revenue Fund). 1/27/2016SenateFiled with Secretary by Sen. Heather A. Steans 1/27/2016SenateFirst Reading 1/27/2016SenateReferred to Assignments 2/3/2016SenateAssigned to State Government and Veterans Affairs 2/18/2016SenateDo Pass State Government and Veterans Affairs; 006-000-000 2/18/2016SenatePlaced on Calendar Order of 2nd Reading March 1, 2016 3/3/2016SenateSecond Reading 3/3/2016SenatePlaced on Calendar Order of 3rd Reading March 8, 2016 4/12/2016SenateThird Reading - Passed; 051-000-000 4/12/2016HouseArrived in House 4/12/2016HouseChief House Sponsor Rep. Gregory Harris 4/12/2016HouseFirst Reading 4/12/2016HouseReferred to Rules Committee 4/18/2016HouseAssigned to Revenue & Finance Committee 4/27/2016HouseTo Sales and Other Taxes Subcommittee 5/12/2016HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000 5/12/2016HouseRemains in Revenue & Finance Committee 5/12/2016HouseDo Pass / Short Debate Revenue & Finance Committee; 012-000-000 5/12/2016HousePlaced on Calendar 2nd Reading - Short Debate 5/17/2016HouseSecond Reading - Short Debate 5/17/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/18/2016HouseThird Reading - Short Debate - Passed 115-000-000 5/18/2016SenatePassed Both Houses 6/16/2016SenateSent to the Governor 7/22/2016SenateGovernor Approved 7/22/2016SenateEffective Date January 1, 2017 7/22/2016SenatePublic Act . . . . . . . . . 99-0620