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ESTATE TAX-RE-LINK TO FEDERAL

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying after June 30, 2007 (now, December 31, 2009), the "State tax credit" is the amount of the federal credit for state tax allowable under the Internal Revenue Code. Effective immediately.

Latest Actions
  • 03/23/2007 - Rule 19(a) / Re-referred to Rules Committee
  • 03/22/2007 - Added Chief Co-Sponsor Rep. Ed Sullivan, Jr.
  • 02/08/2007 - Added Chief Co-Sponsor Rep. Michael Tryon
  • 02/06/2007 - Added Chief Co-Sponsor Rep. Sidney H. Mathias
  • 01/31/2007 - Assigned to Revenue Committee

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Bill Text
File name Last Updated
HB0406 Bill Text Introduced PDF07/03/2007