Fabio
109 lines
6.1 KiB
Markdown
109 lines
6.1 KiB
Markdown
---
|
||
type: "Bill"
|
||
title: "PROP TX-PPV LEASES"
|
||
description: "Amends the Property Tax Code. In a Section concerning valuation of PPV leases, provides that the term \"net income\" means all revenues received minus actual expenses before interest, taxes, depreciation, and amortization (now, \"net income\" means all revenues received minus the lesser of (i) 42% of all revenue or (ii) actual expenses before interest, taxes, depreciation, and amortization). Effective January 1, 2014."
|
||
jurisdiction: "us/states/il"
|
||
legislature: "Illinois General Assembly"
|
||
session: "98th"
|
||
identifier: "SB 1953"
|
||
citation: "Illinois SB 1953 (98th)"
|
||
classification: ["bill"]
|
||
subjects: []
|
||
status: "enacted"
|
||
primary_sponsors: []
|
||
version_count: 3
|
||
action_count: 46
|
||
vote_count: 2
|
||
first_action: "2013-02-15"
|
||
last_action: "2013-08-16"
|
||
source: "openstates"
|
||
source_identifier: "ocd-bill/99f1430c-336e-424c-a566-ba82c87f833f"
|
||
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1953&GAID=12&DocTypeID=SB&LegId=73531&SessionID=85&GA=98"
|
||
source_hash: "4a6b0155d787ddef53234e37d5892efc0c549c91d904289a0e86f5d109912019"
|
||
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 SB 1953 (98th) — PROP TX-PPV LEASES
|
||
|
||
Amends the Property Tax Code. In a Section concerning valuation of PPV leases, provides that the term "net income" means all revenues received minus actual expenses before interest, taxes, depreciation, and amortization (now, "net income" means all revenues received minus the lesser of (i) 42% of all revenue or (ii) actual expenses before interest, taxes, depreciation, and amortization). Effective January 1, 2014.
|
||
|
||
## 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=09800SB1953&GA=98&SessionId=85&DocTypeId=SB&LegID=73531&DocNum=1953&GAID=12&Session=&print=true)
|
||
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800SB1953eng&GA=98&SessionId=85&DocTypeId=SB&LegID=73531&DocNum=1953&GAID=12&Session=&print=true)
|
||
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800SB1953enr&GA=98&SessionId=85&DocTypeId=SB&LegID=73531&DocNum=1953&GAID=12&Session=&print=true)
|
||
|
||
## Votes
|
||
|
||
- Third Reading — **97–11** (pass) · lower
|
||
- Third Reading — **52–0** (pass) · upper
|
||
|
||
## Sponsors
|
||
|
||
- Camille Y. Lilly — cosponsor (person)
|
||
- Carol A. Sente — cosponsor (person)
|
||
- Terry Link — primary (person)
|
||
- Thaddeus Jones — cosponsor (person)
|
||
|
||
## Timeline
|
||
|
||
The legislative action history — every referral, reading, and vote.
|
||
|
||
- **2013-02-15** Filed with Secretary by Sen. Terry Link `filing`
|
||
- **2013-02-15** First Reading `reading-1`
|
||
- **2013-02-15** Referred to Assignments `referral-committee`
|
||
- **2013-03-05** Assigned to Revenue `referral-committee`
|
||
- **2013-03-12** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link `amendment-introduction`
|
||
- **2013-03-12** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
|
||
- **2013-03-13** Senate Committee Amendment No. 1 Assignments Refers to Revenue
|
||
- **2013-03-13** Senate Committee Amendment No. 1 Adopted `amendment-passage`
|
||
- **2013-03-13** Do Pass as Amended Revenue; 010-000-000 `committee-passage`
|
||
- **2013-03-13** Placed on Calendar Order of 2nd Reading March 14, 2013
|
||
- **2013-03-19** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Terry Link `amendment-introduction`
|
||
- **2013-03-19** Senate Floor Amendment No. 2 Referred to Assignments `referral-committee`
|
||
- **2013-03-20** Senate Floor Amendment No. 2 Assignments Refers to Revenue
|
||
- **2013-03-20** Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 011-000-000
|
||
- **2013-04-10** Second Reading `reading-2`
|
||
- **2013-04-10** Senate Floor Amendment No. 2 Adopted; Link `amendment-passage`
|
||
- **2013-04-10** Placed on Calendar Order of 3rd Reading April 11, 2013
|
||
- **2013-04-11** Added as Chief Co-Sponsor Sen. Iris Y. Martinez
|
||
- **2013-04-12** Added as Co-Sponsor Sen. Michael E. Hastings
|
||
- **2013-04-12** Third Reading - Passed; 052-000-000 `reading-3, passage`
|
||
- **2013-04-12** Arrived in House `introduction`
|
||
- **2013-04-12** Chief House Sponsor Rep. Ed Sullivan, Jr.
|
||
- **2013-04-12** First Reading `reading-1`
|
||
- **2013-04-12** Referred to Rules Committee `referral-committee`
|
||
- **2013-05-01** Alternate Chief Sponsor Changed to Rep. Rita Mayfield
|
||
- **2013-05-01** Added Alternate Chief Co-Sponsor Rep. Ed Sullivan, Jr.
|
||
- **2013-05-01** Assigned to Revenue & Finance Committee `referral-committee`
|
||
- **2013-05-02** To Property Tax Subcommittee
|
||
- **2013-05-08** Added Alternate Chief Co-Sponsor Rep. David Harris
|
||
- **2013-05-09** Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000 `committee-passage`
|
||
- **2013-05-09** Remains in Revenue & Finance Committee
|
||
- **2013-05-09** Do Pass / Short Debate Revenue & Finance Committee; 010-000-000 `committee-passage`
|
||
- **2013-05-09** Placed on Calendar 2nd Reading - Short Debate
|
||
- **2013-05-10** Second Reading - Short Debate `reading-2`
|
||
- **2013-05-10** Placed on Calendar Order of 3rd Reading - Short Debate
|
||
- **2013-05-15** Added Alternate Chief Co-Sponsor Rep. Robyn Gabel
|
||
- **2013-05-15** Added Alternate Chief Co-Sponsor Rep. Martin J. Moylan
|
||
- **2013-05-16** Added Alternate Co-Sponsor Rep. Camille Y. Lilly
|
||
- **2013-05-20** Third Reading - Short Debate - Passed 097-011-002 `reading-3, passage`
|
||
- **2013-05-20** Passed Both Houses
|
||
- **2013-05-20** Added Alternate Co-Sponsor Rep. Carol A. Sente
|
||
- **2013-05-20** Added Alternate Co-Sponsor Rep. Thaddeus Jones
|
||
- **2013-06-18** Sent to the Governor `executive-receipt`
|
||
- **2013-08-16** Governor Approved `executive-signature`
|
||
- **2013-08-16** Effective Date January 1, 2014
|
||
- **2013-08-16** Public Act . . . . . . . . . 98-0494 `became-law`
|
||
|
||
## Source
|
||
|
||
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/99f1430c-336e-424c-a566-ba82c87f833f`. Confidence: reported (aggregated from official Illinois legislature records).
|
||
|