---
type: "Bill"
title: "PRINCIPAL & INCOME-OIL & GAS"
description: "Amends the Principal and Income Act. Provides that, only for oil or gas from non-coal formations held in nontrust estates and by legal tenants and remaindermen (instead of \"with respect only to nontrust estates, for oil or gas from non-coal formations\"), proceeds from the sale of such minerals produced and received as royalty, overriding royalty, limited royalty, working interest, net profit interest, time-limited interest or term interest, or lease bonus shall be deemed income. Deletes language providing that a Section concerning non-trust estates does not apply to life estates and remainder interests in oil or gas from non-coal formations, or royalties or overriding royalties created under leases of such minerals. Makes other changes."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "100th"
identifier: "HB 4920"
citation: "Illinois HB 4920 (100th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 30
vote_count: 2
first_action: "2018-02-14"
last_action: "2018-08-10"
source: "openstates"
source_identifier: "ocd-bill/3eb87ec7-e72d-4fab-b9f6-c1fc72a7b9da"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=4920&GAID=14&DocTypeID=HB&LegId=110334&SessionID=91&GA=100"
source_hash: "e1422ee945b8722b942ad4db9311dd5f6d23d0051c4baa7b5dd0ed7e27123ab9"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois HB 4920 (100th) — PRINCIPAL & INCOME-OIL & GAS

Amends the Principal and Income Act. Provides that, only for oil or gas from non-coal formations held in nontrust estates and by legal tenants and remaindermen (instead of "with respect only to nontrust estates, for oil or gas from non-coal formations"), proceeds from the sale of such minerals produced and received as royalty, overriding royalty, limited royalty, working interest, net profit interest, time-limited interest or term interest, or lease bonus shall be deemed income. Deletes language providing that a Section concerning non-trust estates does not apply to life estates and remainder interests in oil or gas from non-coal formations, or royalties or overriding royalties created under leases of such minerals. Makes other changes.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4920&GA=100&SessionId=91&DocTypeId=HB&LegID=110334&DocNum=4920&GAID=14&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4920eng&GA=100&SessionId=91&DocTypeId=HB&LegID=110334&DocNum=4920&GAID=14&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4920enr&GA=100&SessionId=91&DocTypeId=HB&LegID=110334&DocNum=4920&GAID=14&Session=&print=true)

## Votes

- Third Reading — **53–0** (pass) · upper
- Third Reading — **110–0** (pass) · lower

## Sponsors

- Barbara Wheeler — primary (person)
- Paul Schimpf — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-02-14** Filed with the Clerk by Rep. Ann M. Williams `filing`
- **2018-02-14** First Reading `reading-1`
- **2018-02-14** Referred to Rules Committee `referral-committee`
- **2018-03-07** Assigned to Judiciary - Civil Committee `referral-committee`
- **2018-03-23** To Civil Procedure Subcommittee
- **2018-04-10** Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000 `committee-passage`
- **2018-04-10** Reported Back To Judiciary - Civil Committee;
- **2018-04-10** Do Pass / Short Debate Judiciary - Civil Committee; 011-000-000 `committee-passage`
- **2018-04-10** Placed on Calendar 2nd Reading - Short Debate
- **2018-04-19** Chief Sponsor Changed to Rep. Barbara Wheeler
- **2018-04-20** Second Reading - Short Debate `reading-2`
- **2018-04-20** Placed on Calendar Order of 3rd Reading - Short Debate
- **2018-04-24** Third Reading - Short Debate - Passed 110-000-001 `reading-3, passage`
- **2018-04-24** Arrive in Senate `introduction`
- **2018-04-24** Placed on Calendar Order of First Reading April 25, 2018 `reading-1`
- **2018-04-25** Chief Senate Sponsor Sen. David Koehler
- **2018-04-25** First Reading `reading-1`
- **2018-04-25** Referred to Assignments `referral-committee`
- **2018-04-26** Added as Alternate Co-Sponsor Sen. Paul Schimpf
- **2018-05-01** Assigned to Revenue `referral-committee`
- **2018-05-10** Do Pass Revenue; 005-000-000 `committee-passage`
- **2018-05-10** Placed on Calendar Order of 2nd Reading May 15, 2018
- **2018-05-15** Second Reading `reading-2`
- **2018-05-15** Placed on Calendar Order of 3rd Reading May 16, 2018
- **2018-05-17** Third Reading - Passed; 053-000-000 `reading-3, passage`
- **2018-05-17** Passed Both Houses
- **2018-06-15** Sent to the Governor `executive-receipt`
- **2018-08-10** Governor Approved `executive-signature`
- **2018-08-10** Effective Date January 1, 2019
- **2018-08-10** Public Act . . . . . . . . . 100-0761 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3eb87ec7-e72d-4fab-b9f6-c1fc72a7b9da`. Confidence: reported (aggregated from official Illinois legislature records).