Illinois General Assembly - Bill Status for HB1542
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 Bill Status of HB1542  100th General Assembly

Short Description:  CIVIL LAW-TECH

House Sponsors
Rep. Brandon W. Phelps - Jay Hoffman and David B. Reis

Senate Sponsors
(Sen. Paul Schimpf)

Last Action
DateChamber Action
  9/22/2017HousePublic Act . . . . . . . . . 100-0519

Statutes Amended In Order of Appearance
760 ILCS 5/1from Ch. 17, par. 1651

Synopsis As Introduced
Amends the Trusts and Trustees Act. Makes a technical change in a Section concerning the Act's short title.

House Committee Amendment No. 1
Deletes reference to:
760 ILCS 5/1
Adds reference to:
760 ILCS 15/10from Ch. 30, par. 510
760 ILCS 15/15from Ch. 30, par. 515

Replaces everything after the enacting clause. Amends the Principal and Income Act. Provides that 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. Provides 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.

Senate Floor Amendment No. 1
Provides that the new language regarding oil or gas from non-coal formations applies "with respect only to nontrust estates".

DateChamber Action
  1/31/2017HouseFiled with the Clerk by Rep. Michael J. Madigan
  1/31/2017HouseFirst Reading
  1/31/2017HouseReferred to Rules Committee
  3/22/2017HouseAssigned to Executive Committee
  3/24/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Brandon W. Phelps
  3/24/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/27/2017HouseRe-assigned to Judiciary - Civil Committee
  3/27/2017HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
  3/28/2017HouseMotion Filed to Suspend Rule 21 Judiciary - Civil Committee; Rep. Barbara Flynn Currie
  3/28/2017HouseMotion to Suspend Rule 21 - Prevailed
  3/28/2017HouseChief Sponsor Changed to Rep. Brandon W. Phelps
  3/29/2017HouseAdded Chief Co-Sponsor Rep. Jay Hoffman
  3/29/2017HouseHouse Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
  3/29/2017HouseDo Pass as Amended / Short Debate Judiciary - Civil Committee; 010-000-000
  3/29/2017HousePlaced on Calendar 2nd Reading - Short Debate
  3/31/2017HouseAdded Co-Sponsor Rep. David B. Reis
  4/4/2017HouseSecond Reading - Short Debate
  4/4/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/5/2017HouseThird Reading - Short Debate - Passed 113-000-000
  4/6/2017SenateArrive in Senate
  4/6/2017SenatePlaced on Calendar Order of First Reading
  4/6/2017SenateChief Senate Sponsor Sen. John J. Cullerton
  4/6/2017SenateFirst Reading
  4/6/2017SenateReferred to Assignments
  4/25/2017SenateAssigned to Revenue
  5/4/2017SenatePostponed - Revenue
  5/11/2017SenateAdded as Alternate Co-Sponsor Sen. Paul Schimpf
  5/11/2017SenateSponsor Removed Sen. Paul Schimpf
  5/11/2017SenateAlternate Chief Sponsor Changed to Sen. Paul Schimpf
  5/12/2017SenateRule 2-10 Committee Deadline Established As May 19, 2017
  5/16/2017SenateDo Pass Revenue; 006-000-000
  5/16/2017SenatePlaced on Calendar Order of 2nd Reading May 17, 2017
  5/19/2017SenateSecond Reading
  5/19/2017SenatePlaced on Calendar Order of 3rd Reading May 22, 2017
  5/23/2017SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Paul Schimpf
  5/23/2017SenateSenate Floor Amendment No. 1 Referred to Assignments
  5/24/2017SenateSenate Floor Amendment No. 1 Assignments Refers to Revenue
  5/25/2017SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 005-000-000
  5/26/2017SenateRecalled to Second Reading
  5/26/2017SenateSenate Floor Amendment No. 1 Adopted; Schimpf
  5/26/2017SenatePlaced on Calendar Order of 3rd Reading
  5/26/2017SenateThird Reading - Passed; 054-000-000
  5/28/2017HouseArrived in House
  5/28/2017HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  5/28/2017HouseSenate Floor Amendment No. 1 Motion Filed Concur Rep. Brandon W. Phelps
  5/28/2017HouseSenate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/29/2017HouseSenate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 005-000-000
  6/26/2017HouseSenate Floor Amendment No. 1 House Concurs 103-000-000
  6/26/2017HouseHouse Concurs
  6/26/2017HousePassed Both Houses
  7/25/2017HouseSent to the Governor
  9/22/2017HouseGovernor Approved
  9/22/2017HouseEffective Date June 1, 2018
  9/22/2017HousePublic Act . . . . . . . . . 100-0519

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