PETERSON-PARKER. (MAUTINO-LINDNER-PARKE-MCKEON-BLACK) 35 ILCS 5/201 from Ch. 120, par. 2-201 Amends the Illinois Income Tax Act in provisions concerning a rate reduction for certain foreign insurers. In language excluding certain insurers from these provisions, provides that premiums from reinsurance do not include premiums from inter-affiliate reinsurance arrangements (now reinsurance premiums do not include assumed premiums from inter-affiliate pooling arrangements). Removes language eliminating these rate reduction provisions for tax years ending on or after January 1, 2001. Exempts the rate reduction from the sunset provisions. Effective immediately. SENATE AMENDMENT NO. 1. Provides that for purposes of the subdivision concerning certain foreign insurers, an inter-affiliate includes a mutual insurer under common management. 00-01-12 S FIRST READING 00-01-12 S REFERRED TO SENATE RULES COMMITTEE RULES 00-01-20 S ASSIGNED TO COMMITTEE REVENUE 00-02-10 S AMENDMENT NO. 01-REVENUE S 00-02-10 S ADOPTED 00-02-10 S DO PASS AS AMENDED 008-001-000 SREV 00-02-10 S PLACED ON CALENDAR ORDER OF 2ND READING 00-02-15 00-02-15 S SECOND READING 00-02-15 S PLACED ON CALENDAR ORDER OF 3RD READING 00-02-16 00-02-23 S ADDED AS A CHIEF CO-SPONSOR PARKER 00-02-23 S THIRD READING - PASSED 057-001-001 00-02-23 H ARRIVE IN HOUSE 00-02-23 H HOUSE SPONSOR MAUTINO 00-02-23 H PLACED CALENDAR ORDER OF FIRST READING 00-02-24 H FIRST READING 00-02-24 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-03-09 H ASSIGNED TO COMMITTEE INSURANCE 00-03-23 H DO PASS/SHORT DEBATE 012-000-000 HINS 00-03-23 H PLACED CALENDAR 2ND READING-SHORT DEBATE 00-03-24 H SECOND READING-SHORT DEBATE 00-03-24 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 00-03-28 H ADDED AS A JOINT SPONSOR LINDNER 00-03-28 H ADDED AS A JOINT SPONSOR PARKE 00-03-28 H ADDED AS A JOINT SPONSOR MCKEON 00-03-29 H THIRD READING/SHORT DEBATE/PASSED 118-000-000 00-03-29 S PASSED BOTH HOUSES 00-03-29 H ADDED AS A JOINT SPONSOR BLACK 00-04-27 S SENT TO THE GOVERNOR 00-06-22 S GOVERNOR APPROVED 00-06-22 S EFFECTIVE DATE 00-06-22 00-06-22 S PUBLIC ACT.............................. 91-0860 END OF INQUIRY Full Text Bill Summary