Fabio
94 lines
4.5 KiB
Markdown
94 lines
4.5 KiB
Markdown
---
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type: "Bill"
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title: "REAL ESTATE-FLIPPING"
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description: "Amends the Conveyances Act. Provides that a person or entity that purchases existing residential real estate with the purpose of renovation and resale is prohibited from reselling the real estate within 6 months of purchase."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "103rd"
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identifier: "HB 5502"
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citation: "Illinois HB 5502 (103rd)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Daniel Didech", "Ram Villivalam"]
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version_count: 4
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action_count: 30
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vote_count: 4
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first_action: "2024-02-09"
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last_action: "2024-07-19"
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source: "openstates"
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source_identifier: "ocd-bill/02894d16-94ca-441e-ac5e-1cc947b57a7c"
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source_url: "https://beta.ilga.gov/Legislation/BillStatus?DocNum=5502&GAID=17&DocTypeID=HB&LegId=153847&SessionID=112"
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source_hash: "609083dbc4b11225ca41ef25ea012326cfb27e572d534bb358111f5f12c1d0f1"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois HB 5502 (103rd) — REAL ESTATE-FLIPPING
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Amends the Conveyances Act. Provides that a person or entity that purchases existing residential real estate with the purpose of renovation and resale is prohibited from reselling the real estate within 6 months of purchase.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB5502.pdf)
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2. **Engrossed** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB5502eng.pdf)
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3. **House Amendment 001** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB5502ham001.pdf)
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4. **Enrolled** (enrolled) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB5502enr.pdf)
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## Votes
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- Judiciary — **9–0** (pass) · lower
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- Third Reading — **59–0** (pass) · lower
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- Third Reading — **14–0** (pass) · lower
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- Third Reading — **112–0** (pass) · lower
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## Sponsors
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- Daniel Didech — primary (person)
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- Ram Villivalam — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-02-09** Filed with the Clerk by Rep. Kevin John Olickal `filing`
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- **2024-02-09** First Reading `reading-1`
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- **2024-02-09** Referred to Rules Committee
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- **2024-02-09** Chief Sponsor Changed to Rep. Daniel Didech
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- **2024-03-12** Assigned to Judiciary - Civil Committee `referral-committee`
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- **2024-03-18** House Committee Amendment No. 1 Filed with Clerk by Rep. Daniel Didech `amendment-introduction`
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- **2024-03-18** House Committee Amendment No. 1 Referred to Rules Committee
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- **2024-03-20** House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
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- **2024-04-03** House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote `amendment-passage`
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- **2024-04-03** Do Pass / Short Debate Judiciary - Civil Committee; 014-000-000
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- **2024-04-04** Placed on Calendar 2nd Reading - Short Debate `reading-2`
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- **2024-04-11** Second Reading - Short Debate `reading-2`
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- **2024-04-11** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2024-04-17** Third Reading - Short Debate - Passed 112-000-000 `passage, reading-3`
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- **2024-04-18** Arrive in Senate `introduction`
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- **2024-04-18** Placed on Calendar Order of First Reading `reading-1`
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- **2024-04-18** Chief Senate Sponsor Sen. Ram Villivalam
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- **2024-04-18** First Reading `reading-1`
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- **2024-04-18** Referred to Assignments
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- **2024-04-24** Assigned to Judiciary `referral-committee`
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- **2024-05-01** Do Pass Judiciary; 009-000-000
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- **2024-05-01** Placed on Calendar Order of 2nd Reading May 2, 2024 `reading-2`
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- **2024-05-02** Second Reading `reading-2`
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- **2024-05-02** Placed on Calendar Order of 3rd Reading May 7, 2024
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- **2024-05-16** Third Reading - Passed; 059-000-000 `passage, reading-3`
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- **2024-05-16** Passed Both Houses
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- **2024-06-13** Sent to the Governor `executive-receipt`
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- **2024-07-19** Governor Approved `executive-signature`
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- **2024-07-19** Effective Date January 1, 2025
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- **2024-07-19** Public Act . . . . . . . . . 103-0719 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/02894d16-94ca-441e-ac5e-1cc947b57a7c`. Confidence: reported (aggregated from official Illinois legislature records).
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