Full Text of SB0914 103rd General Assembly
SB0914sam001 103RD GENERAL ASSEMBLY | Sen. Doris Turner Filed: 3/22/2024 | | 10300SB0914sam001 | | LRB103 03381 BDA 71299 a |
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| 1 | | AMENDMENT TO SENATE BILL 914
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 914 by replacing | 3 | | everything after the enacting clause with the following: | 4 | | "Section 5. The Wildlife Code is amended by changing | 5 | | Section 3.1-6 as follows: | 6 | | (520 ILCS 5/3.1-6) | 7 | | Sec. 3.1-6. Special deer, turkey, and combination hunting | 8 | | licenses. | 9 | | (a) For the purpose of this Section: | 10 | | "Bona fide equity member" means an individual who: | 11 | | (1) (i) became a member upon the formation of the | 12 | | limited liability company or (ii) has purchased a | 13 | | distributional interest in a limited liability company for | 14 | | a value equal to the percentage of the appraised value of | 15 | | the LLC assets represented by the distributional interest | 16 | | in the LLC and subsequently becomes a member of the |
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| 1 | | company under Article 30 of the Limited Liability Company | 2 | | Act; and | 3 | | (2) intends to retain the membership for at least 5 | 4 | | years. | 5 | | "Bona fide equity partner" means an individual who: | 6 | | (1) (i) became a partner, either general or limited, | 7 | | upon the formation of a partnership or limited | 8 | | partnership, or (ii) has purchased, acquired, or been | 9 | | gifted a partnership interest accurately representing his | 10 | | or her percentage distributional interest in the profits, | 11 | | losses, and assets of a partnership or limited | 12 | | partnership; | 13 | | (2) intends to retain ownership of the partnership | 14 | | interest for at least 5 years; and | 15 | | (3) is a resident of this State. | 16 | | "Bona fide equity shareholder" means an individual who: | 17 | | (1) purchased, for market price, publicly sold stock | 18 | | shares in a corporation, purchased shares of a | 19 | | privately-held corporation for a value equal to the | 20 | | percentage of the appraised value of the corporate assets | 21 | | represented by the ownership in the corporation, or is a | 22 | | member of a closely-held family-owned corporation and has | 23 | | purchased or been gifted with shares of stock in the | 24 | | corporation accurately reflecting his or her percentage of | 25 | | ownership; and | 26 | | (2) intends to retain the ownership of the shares of |
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| 1 | | stock for at least 5 years. | 2 | | "Family member" means a grandparent, parent, sibling, | 3 | | child, grandchild, uncle, aunt, niece, nephew, or first | 4 | | cousin. | 5 | | "Family member landowner" means an individual who is a | 6 | | family member of a landowner and who owns collectively with | 7 | | any other of that individual's other family members at least | 8 | | 40 acres of land in a county in this State. | 9 | | (b) Landowner Deer, Turkey, and combination permits shall | 10 | | be issued without charge to: | 11 | | (1) Illinois landowners residing in this State who own | 12 | | at least 40 acres of Illinois land and wish to hunt upon | 13 | | their land only; | 14 | | (2) resident tenants of at least 40 acres of | 15 | | commercial agricultural land where they will hunt; and | 16 | | (3) bona fide equity shareholders of a corporation, | 17 | | bona fide equity members of a limited liability company, | 18 | | or bona fide equity partners of a general or limited | 19 | | partnership which owns at least 40 acres of land in a | 20 | | county in this State who wish to hunt on the | 21 | | corporation's, company's, or partnership's land only. One | 22 | | permit shall be issued without charge to one bona fide | 23 | | equity shareholder, one bona fide equity member, or one | 24 | | bona fide equity partner for each 40 acres of land owned by | 25 | | the corporation, company, or partnership in a county; | 26 | | however, the number of permits issued without charge to |
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| 1 | | bona fide equity shareholders of any corporation or bona | 2 | | fide equity members of a limited liability company in any | 3 | | county shall not exceed 15, and shall not exceed 3 in the | 4 | | case of bona fide equity partners of a partnership. | 5 | | Bona fide landowners or tenants who do not wish to hunt | 6 | | only on the land they own, rent, or lease or bona fide equity | 7 | | shareholders, bona fide equity members, or bona fide equity | 8 | | partners who do not wish to hunt only on the land owned by the | 9 | | corporation, limited liability company, or partnership shall | 10 | | be charged the same fee as the applicant who is not a | 11 | | landowner, tenant, bona fide equity shareholder, bona fide | 12 | | equity member, or bona fide equity partner. Nonresidents of | 13 | | this State who own at least 40 acres of land and wish to hunt | 14 | | on their land only shall be charged a fee set by administrative | 15 | | rule. The method for obtaining these permits shall be | 16 | | prescribed by administrative rule. | 17 | | In addition to the permits otherwise issued under this | 18 | | subsection (b), the Department shall, upon request, issue to 2 | 19 | | additional family member landowners, who own with other family | 20 | | member landowners a parcel of at least 40 acres but who do not | 21 | | all reside on that property, a landowner deer, turkey, and | 22 | | combination permit for hunting only on that property at a cost | 23 | | of no more than the regular permit fee. | 24 | | (c) The deer, turkey, or combination hunting permit issued | 25 | | without fee shall be valid on all farm lands which the person | 26 | | to whom it is issued owns, leases or rents, except that in the |
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| 1 | | case of a permit issued to a bona fide equity shareholder, bona | 2 | | fide equity member, or bona fide equity partner, the permit | 3 | | shall be valid on all lands owned by the corporation, limited | 4 | | liability company, or partnership in the county. | 5 | | (Source: P.A. 99-869, eff. 1-1-17 .)". |
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