republic-os/legislation/us/states/il/96th/sb-1975.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	INC TX-DEFINITIONS	Amends the Illinois Income Tax Act concerning the definition of "captive real estate investment trusts". Provides that, to be a captive real estate investment trust, at least 50% of the voting power must be controlled by a single corporation (now, controlled by a single person). Exempts from the definition certain real estate investment trusts that are owned and controlled by certain entities that are organized outside of the laws of the United States. Imposes conditions on any rulemaking authority. Effective immediately.	us/states/il	Illinois General Assembly	96th	SB 1975	Illinois SB 1975 (96th)	bill		enacted		3	36	3	2009-02-20	2009-08-24	openstates	ocd-bill/57420870-edc4-4cdf-9e60-91b2ce28590c	http://ilga.gov/legislation/BillStatus.asp?DocNum=1975&GAID=10&DocTypeID=SB&LegId=44878&SessionID=76&GA=96	225cc5ab2374f8c7a52a40b54dd1e4a6d42ac493c5cfa67ff1f0a9b0ce467b4c	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 1975 (96th) — INC TX-DEFINITIONS

Amends the Illinois Income Tax Act concerning the definition of "captive real estate investment trusts". Provides that, to be a captive real estate investment trust, at least 50% of the voting power must be controlled by a single corporation (now, controlled by a single person). Exempts from the definition certain real estate investment trusts that are owned and controlled by certain entities that are organized outside of the laws of the United States. Imposes conditions on any rulemaking authority. Effective immediately.

Version chain

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

1. Introduced (filed) — source
2. Engrossed (committee substitute) — source
3. Enrolled (enrolled) — source

Votes

• Third Reading — 58–0 (pass) · upper
• Concurrence — 57–0 (pass) · upper
• Third Reading — 117–0 (pass) · lower

Sponsors

• Don Harmon — primary (person)

Timeline

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

• 2009-02-20 Filed with Secretary by Sen. Don Harmon filing
• 2009-02-20 First Reading reading-1
• 2009-02-20 Referred to Assignments referral-committee
• 2009-03-04 Assigned to Revenue referral-committee
• 2009-03-12 Do Pass Revenue; 007-000-000 committee-passage
• 2009-03-12 Placed on Calendar Order of 2nd Reading March 17, 2009
• 2009-03-24 Second Reading reading-2
• 2009-03-24 Placed on Calendar Order of 3rd Reading March 25, 2009
• 2009-04-01 Third Reading - Passed; 058-000-000 reading-3, passage
• 2009-04-01 Arrived in House introduction
• 2009-04-01 Placed on Calendar Order of First Reading reading-1
• 2009-04-23 Chief House Sponsor Rep. John E. Bradley
• 2009-04-23 First Reading reading-1
• 2009-04-23 Referred to Rules Committee referral-committee
• 2009-04-28 Assigned to Revenue & Finance Committee referral-committee
• 2009-04-29 Motion Filed to Suspend Rule 25 Revenue & Finance Committee; Rep. Barbara Flynn Currie
• 2009-04-29 Motion to Suspend Rule 25 - Prevailed by Voice Vote
• 2009-04-30 House Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee amendment-introduction
• 2009-04-30 House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote amendment-passage
• 2009-04-30 Do Pass as Amended / Short Debate Revenue & Finance Committee; 012-000-000 committee-passage
• 2009-04-30 Placed on Calendar 2nd Reading - Short Debate
• 2009-05-19 Second Reading - Short Debate reading-2
• 2009-05-19 Placed on Calendar Order of 3rd Reading - Short Debate
• 2009-05-21 Third Reading - Short Debate - Passed 117-000-001 reading-3, passage
• 2009-05-21 Secretary's Desk - Concurrence House Amendment(s) 1
• 2009-05-21 Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 22, 2009
• 2009-05-22 House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon filing
• 2009-05-22 House Committee Amendment No. 1 Motion to Concur Referred to Assignments referral-committee
• 2009-05-26 House Committee Amendment No. 1 Motion to Concur Assignments Referred to Revenue referral-committee
• 2009-05-26 House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-000-000
• 2009-05-27 House Committee Amendment No. 1 Senate Concurs 057-000-000
• 2009-05-27 Passed Both Houses
• 2009-06-25 Sent to the Governor executive-receipt
• 2009-08-24 Governor Approved executive-signature
• 2009-08-24 Effective Date August 24, 2009
• 2009-08-24 Public Act . . . . . . . . . 96-0641 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/57420870-edc4-4cdf-9e60-91b2ce28590c. Confidence: reported (aggregated from official Illinois legislature records).