INC TX-RE INVESTMENT TRUSTS House SponsorsRep. Mark H. Beaubien, Jr. 1/13/2009HouseSession Sine Die 35 ILCS 5/1501from Ch. 120, par. 15-1501 Amends the Illinois Income Tax Act. Provides that, for any financial organization and its subsidiaries and affiliates that directly or indirectly own more than 50% of a captive real estate investment trust in a manner that is substantially similar to the ownership structure described in a certain ruling by the Department of Revenue, the income taxation of that organization is on the same basis with respect to the captive real estate investment trust as described in that ruling. Effective immediately. 1/30/2008HouseFiled with the Clerk by Rep. Mark H. Beaubien, Jr. 2/1/2008HouseFirst Reading 2/1/2008HouseReferred to Rules Committee 1/13/2009HouseSession Sine Die