Illinois General Assembly - Bill Status for HB4194

Illinois General Assembly - Bill Status for HB4194

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Bill Status of HB4194 93rd General Assembly

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Short Description: FOREIGN TAX HAVENS

House Sponsors
Rep. Gary Hannig - Jack D. Franks - Donald L. Moffitt - Eddie Washington - Linda Chapa LaVia, Michael K. Smith, Monique D. Davis, Patricia Bailey, Patrick Verschoore, Mike Boland, Thomas Holbrook, Frank Aguilar, Maria Antonia Berrios, Steve Davis, Frank J. Mautino, Susana Mendoza and Jack McGuire

Senate Sponsors
(Sen. Jeffrey M. Schoenberg - John J. Cullerton - Gary Forby - Susan Garrett - James A. DeLeo, Don Harmon and Edward D. Maloney)

Last Action

Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

30 ILCS 500/1-15.120 new

30 ILCS 500/45-10

30 ILCS 500/50-17 new

from Ch. 120, par. 15-1501

Synopsis As Introduced
Amends the Procurement Code. Defines "expatriate corporation" as a foreign incorporated entity that (1) is publicly traded in the United States, (2) is incorporated in a tax haven, (3) less than 10% of the gross income of which is derived from activities in the tax haven, (4) less than 10% of the employees of which are permanently located in the tax haven, and (5) has certain ownership or other business interest connections with a domestic corporation or partnership. Provides that an expatriate corporation shall be considered a non-resident bidder. Provides that no business or member of a unitary business group, as defined in the Illinois Income Tax Act, shall submit a bid for or enter into a contract with a State agency under this Code if that business or any member of the unitary business group is an expatriate corporation. Amends the Illinois Income Tax Act. Provides that notwithstanding the definition of "unitary business group", any person formed or incorporated in a foreign tax haven may be a member of a unitary business group without regard to where its business activities are conducted. Lists those places that are "foreign tax havens". Provides that the term "foreign tax haven" also includes any foreign country that does not impose a substantial business income tax or other substantial business activity tax, as determined by the Department by rule. Effective July 1, 2004.

Actions

Date	Chamber	Action
1/26/2004	House	Filed with the Clerk by Rep. Gary Hannig
1/26/2004	House	Chief Co-Sponsor Rep. Jack D. Franks
1/26/2004	House	First Reading
1/26/2004	House	Referred to Rules Committee
2/3/2004	House	Referred to State Government Administration Committee
2/10/2004	House	Added Chief Co-Sponsor Rep. Donald L. Moffitt
2/10/2004	House	Added Chief Co-Sponsor Rep. Eddie Washington
2/10/2004	House	Added Chief Co-Sponsor Rep. Linda Chapa LaVia
2/10/2004	House	Added Co-Sponsor Rep. Michael K. Smith
2/10/2004	House	Added Co-Sponsor Rep. Monique D. Davis
2/10/2004	House	Added Co-Sponsor Rep. Patricia Bailey
2/19/2004	House	Added Co-Sponsor Rep. Patrick Verschoore
2/20/2004	House	Do Pass / Short Debate State Government Administration Committee; 010-000-001
2/20/2004	House	Placed on Calendar 2nd Reading - Short Debate
2/24/2004	House	Second Reading - Short Debate
2/24/2004	House	Placed on Calendar Order of 3rd Reading - Short Debate
2/24/2004	House	Added Co-Sponsor Rep. Mike Boland
2/24/2004	House	Added Co-Sponsor Rep. Thomas Holbrook
2/25/2004	House	Added Co-Sponsor Rep. Frank Aguilar
2/25/2004	House	Added Co-Sponsor Rep. Maria Antonia Berrios
2/25/2004	House	Added Co-Sponsor Rep. Steve Davis
2/25/2004	House	Added Co-Sponsor Rep. Frank J. Mautino
2/25/2004	House	Added Co-Sponsor Rep. Susana Mendoza
2/25/2004	House	Third Reading - Short Debate - Passed 113-000-001
2/25/2004	House	Added Co-Sponsor Rep. Jack McGuire
2/26/2004	Senate	Arrive in Senate
2/26/2004	Senate	Placed on Calendar Order of First Reading
2/26/2004	Senate	Chief Senate Sponsor Sen. Jeffrey M. Schoenberg
2/26/2004	Senate	First Reading
2/26/2004	Senate	Referred to Rules
3/2/2004	Senate	Added as Alternate Chief Co-Sponsor Sen. John J. Cullerton
3/3/2004	Senate	Added as Alternate Chief Co-Sponsor Sen. Gary Forby
3/3/2004	Senate	Added as Alternate Chief Co-Sponsor Sen. Susan Garrett
3/3/2004	Senate	Added as Alternate Chief Co-Sponsor Sen. Edward D. Maloney
3/10/2004	Senate	Added as Alternate Co-Sponsor Sen. Don Harmon
3/25/2004	Senate	Assigned to Executive
3/31/2004	Senate	Postponed - Executive
4/26/2004	Senate	Sponsor Removed Sen. Edward D. Maloney
4/26/2004	Senate	Added as Alternate Co-Sponsor Sen. Edward D. Maloney
4/26/2004	Senate	Added as Alternate Chief Co-Sponsor Sen. James A. DeLeo
4/29/2004	Senate	To Subcommittee
4/30/2004	Senate	Rule 3-9(a) / Re-referred to Rules
1/11/2005	House	Session Sine Die