Bill Status of HB 3199   97th General Assembly

Short Description:  REVENUE-TECH

House Sponsors
Rep. Esther Golar-Karen A. Yarbrough, Deborah Mell, William Davis and Kenneth Dunkin

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/31-1

Synopsis As Introduced
Amends the Property Tax Code. Makes a technical change in a Section concerning the short title.

House Committee Amendment No. 1
Deletes reference to:
35 ILCS 200/31-1
Adds reference to:
35 ILCS 200/31-45

Replaces everything after the enacting clause. Amends the Property Tax Code. Removes language from the Real Estate Transfer Tax Law that exempts from the provisions of the Law deeds or trust documents that release property that is security for a debt or other obligation and deeds issued to a holder of a mortgage pursuant to a mortgage foreclosure proceeding.

House Floor Amendment No. 2
Adds reference to:
35 ILCS 200/31-45

Replaces everything after the enacting clause. Amends the Property Tax Code. In the Real Estate Transfer Tax Law, provides that (i) deeds or trust documents that release property that is security for a debt or other obligation and (ii) deeds issued to a holder of a mortgage pursuant to a mortgage foreclosure proceeding or pursuant to a transfer in lieu of foreclosure are subject to the tax beginning on the effective date of this amendatory Act of the 97th General Assembly and through June 30, 2016. Provides that deeds issued to a holder of a mortgage pursuant to a mortgage foreclosure proceeding or pursuant to a transfer in lieu of foreclosure shall remain exempt for the period prior to July 1, 2016 if the holder (i) originated the mortgage in question, (ii) did not originate more than 10,000 mortgage loans in 2007, and (iii) had less than $5,000,000,000 in assets as of the effective date of the amendatory Act. Provides that, of the moneys received from the real estate transfer tax imposed upon those deeds, 50% shall be deposited into the Abandoned Residential Property Municipality Relief Fund, 35% shall be deposited into the Open Space Lands Acquisition and Development Fund, and 15% shall be deposited into the Natural Areas Acquisition Fund. Effective immediately.

Actions 
DateChamber Action
  2/24/2011HouseFiled with the Clerk by Rep. Esther Golar
  2/24/2011HouseFirst Reading
  2/24/2011HouseReferred to Rules Committee
  2/28/2011HouseAssigned to Executive Committee
  3/10/2011HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Esther Golar
  3/10/2011HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/15/2011HouseRe-assigned to Housing Committee
  3/15/2011HouseHouse Committee Amendment No. 1 Rules Refers to Housing Committee
  3/17/2011HouseCommittee Deadline Extended-Rule 9(b) April 15, 2011
  3/18/2011HouseAdded Chief Co-Sponsor Rep. Karen A. Yarbrough
  4/7/2011HouseHouse Committee Amendment No. 1 Adopted in Housing Committee; by Voice Vote
  4/7/2011HouseDo Pass as Amended / Short Debate Housing Committee; 007-004-000
  4/7/2011HousePlaced on Calendar 2nd Reading - Short Debate
  4/12/2011HouseSecond Reading - Short Debate
  4/12/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/12/2011HouseRecalled to Second Reading - Short Debate
  4/12/2011HouseHeld on Calendar Order of Second Reading - Short Debate
  4/13/2011HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Esther Golar
  4/13/2011HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/14/2011HouseHouse Floor Amendment No. 2 Rules Refers to Housing Committee
  4/15/2011HouseHouse Floor Amendment No. 2 Recommends Be Adopted Housing Committee; 008-001-000
  4/15/2011HouseHouse Floor Amendment No. 2 Adopted by Voice Vote
  4/15/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/15/2011HouseRecalled to Second Reading - Short Debate
  4/15/2011HouseHeld on Calendar Order of Second Reading - Short Debate
  4/15/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/15/2011HouseFinal Action Deadline Extended-9(b) May 6, 2011
  4/26/2011HouseAdded Co-Sponsor Rep. Deborah Mell
  4/26/2011HouseAdded Co-Sponsor Rep. William Davis
  4/26/2011HouseAdded Co-Sponsor Rep. Kenneth Dunkin
  5/6/2011HouseFinal Action Deadline Extended-9(b) May 20, 2011
  5/20/2011HouseFinal Action Deadline Extended-9(b) May 27, 2011
  5/27/2011HouseFinal Action Deadline Extended-9(b) May 31, 2011
  5/31/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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