Terry Link
- Democratic
Primary
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.
Public Act . . . . . . . . . 98-0494
Governor Approved
Effective Date January 1, 2014
Sent to the Governor
Added Alternate Co-Sponsor Rep. Thaddeus Jones
Added Alternate Co-Sponsor Rep. Carol A. Sente
Passed Both Houses
Third Reading - Short Debate - Passed 097-011-002
Added Alternate Co-Sponsor Rep. Camille Y. Lilly
Added Alternate Chief Co-Sponsor Rep. Martin J. Moylan
Added Alternate Chief Co-Sponsor Rep. Robyn Gabel
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Remains in Revenue & Finance Committee
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Revenue & Finance Committee; 010-000-000
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000
Added Alternate Chief Co-Sponsor Rep. David Harris
To Property Tax Subcommittee
Assigned to Revenue & Finance Committee
Added Alternate Chief Co-Sponsor Rep. Ed Sullivan, Jr.
Alternate Chief Sponsor Changed to Rep. Rita Mayfield
Referred to Rules Committee
Added as Co-Sponsor Sen. Michael E. Hastings
Third Reading - Passed; 052-000-000
Arrived in House
Chief House Sponsor Rep. Ed Sullivan, Jr.
First Reading
Added as Chief Co-Sponsor Sen. Iris Y. Martinez
Placed on Calendar Order of 3rd Reading April 11, 2013
Senate Floor Amendment No. 2 Adopted; Link
Second Reading
Senate Floor Amendment No. 2 Assignments Refers to Revenue
Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 011-000-000
Senate Floor Amendment No. 2 Referred to Assignments
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Terry Link
Senate Committee Amendment No. 1 Adopted
Placed on Calendar Order of 2nd Reading March 14, 2013
Do Pass as Amended Revenue; 010-000-000
Senate Committee Amendment No. 1 Assignments Refers to Revenue
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link
Senate Committee Amendment No. 1 Referred to Assignments
Assigned to Revenue
First Reading
Referred to Assignments
Filed with Secretary by Sen. Terry Link
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| Senate Amendment 002 | |
| Senate Amendment 001 |
Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.