Fabio
91 lines
5.5 KiB
Markdown
91 lines
5.5 KiB
Markdown
---
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type: "Bill"
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title: "PRINCIPAL & INCOME-OIL & GAS"
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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."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "100th"
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identifier: "HB 4920"
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citation: "Illinois HB 4920 (100th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 30
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vote_count: 2
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first_action: "2018-02-14"
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last_action: "2018-08-10"
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source: "openstates"
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source_identifier: "ocd-bill/3eb87ec7-e72d-4fab-b9f6-c1fc72a7b9da"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=4920&GAID=14&DocTypeID=HB&LegId=110334&SessionID=91&GA=100"
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source_hash: "e1422ee945b8722b942ad4db9311dd5f6d23d0051c4baa7b5dd0ed7e27123ab9"
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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 4920 (100th) — PRINCIPAL & INCOME-OIL & GAS
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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.
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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](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4920&GA=100&SessionId=91&DocTypeId=HB&LegID=110334&DocNum=4920&GAID=14&Session=&print=true)
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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)
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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)
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## Votes
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- Third Reading — **53–0** (pass) · upper
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- Third Reading — **110–0** (pass) · lower
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## Sponsors
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- Barbara Wheeler — primary (person)
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- Paul Schimpf — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-02-14** Filed with the Clerk by Rep. Ann M. Williams `filing`
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- **2018-02-14** First Reading `reading-1`
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- **2018-02-14** Referred to Rules Committee `referral-committee`
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- **2018-03-07** Assigned to Judiciary - Civil Committee `referral-committee`
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- **2018-03-23** To Civil Procedure Subcommittee
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- **2018-04-10** Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000 `committee-passage`
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- **2018-04-10** Reported Back To Judiciary - Civil Committee;
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- **2018-04-10** Do Pass / Short Debate Judiciary - Civil Committee; 011-000-000 `committee-passage`
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- **2018-04-10** Placed on Calendar 2nd Reading - Short Debate
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- **2018-04-19** Chief Sponsor Changed to Rep. Barbara Wheeler
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- **2018-04-20** Second Reading - Short Debate `reading-2`
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- **2018-04-20** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2018-04-24** Third Reading - Short Debate - Passed 110-000-001 `reading-3, passage`
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- **2018-04-24** Arrive in Senate `introduction`
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- **2018-04-24** Placed on Calendar Order of First Reading April 25, 2018 `reading-1`
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- **2018-04-25** Chief Senate Sponsor Sen. David Koehler
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- **2018-04-25** First Reading `reading-1`
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- **2018-04-25** Referred to Assignments `referral-committee`
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- **2018-04-26** Added as Alternate Co-Sponsor Sen. Paul Schimpf
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- **2018-05-01** Assigned to Revenue `referral-committee`
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- **2018-05-10** Do Pass Revenue; 005-000-000 `committee-passage`
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- **2018-05-10** Placed on Calendar Order of 2nd Reading May 15, 2018
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- **2018-05-15** Second Reading `reading-2`
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- **2018-05-15** Placed on Calendar Order of 3rd Reading May 16, 2018
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- **2018-05-17** Third Reading - Passed; 053-000-000 `reading-3, passage`
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- **2018-05-17** Passed Both Houses
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- **2018-06-15** Sent to the Governor `executive-receipt`
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- **2018-08-10** Governor Approved `executive-signature`
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- **2018-08-10** Effective Date January 1, 2019
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- **2018-08-10** Public Act . . . . . . . . . 100-0761 `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/3eb87ec7-e72d-4fab-b9f6-c1fc72a7b9da`. Confidence: reported (aggregated from official Illinois legislature records).
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