Mark H. Beaubien, Jr.
- Republican
Primary
Amends the Illinois Income Tax Act. Provides that, for any financial organization and its subsidiaries and affiliates that directly or indirectly own more than 50% of a captive real estate investment trust in a manner that is substantially similar to the ownership structure described in a certain ruling by the Department of Revenue, the income taxation of that organization is on the same basis with respect to the captive real estate investment trust as described in that ruling. Effective immediately.
No votes to display
Session Sine Die
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Mark H. Beaubien, Jr.
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