HB 1570

  • Illinois House Bill
  • 94th Regular Session
  • Introduced in House Mar 17, 2005
  • Passed House Mar 16, 2005
  • Passed Senate May 18, 2005
  • Became Law Aug 02, 2005

Estate Tax Credit

Abstract

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that in calculating the amount of the tax for persons dying on or after January 1, 2003, the "state tax credit" is reduced proportionately for the value of property not having a tax situs in Illinois (now, the lesser of that amount or the amount the state tax credit paid to any other states). Provides that for persons dying on or after January 1, 2005, in calculating the "state tax credit" the gross and taxable estates are not reduced for any amount of state death tax deduction. Effective immediately.

Bill Sponsors (1)

Votes


Actions


Aug 02, 2005

House

Public Act . . . . . . . . . 94-0419

House

Effective Date August 2, 2005

House

Governor Approved

Jun 16, 2005

House

Sent to the Governor

May 18, 2005

Senate

Third Reading - Passed; 056-000-000

House

Passed Both Houses

May 10, 2005

Senate

Placed on Calendar Order of 3rd Reading May 11, 2005

Senate

Second Reading

Apr 21, 2005

Senate

Do Pass Revenue; 010-000-000

Senate

Placed on Calendar Order of 2nd Reading May 3, 2005

Apr 13, 2005

Senate

Assigned to Revenue

Apr 06, 2005

Senate

First Reading

Senate

Referred to Rules

Mar 21, 2005

Senate

Chief Senate Sponsor Sen. Don Harmon

Mar 17, 2005

Senate

Arrive in Senate

Senate

Placed on Calendar Order of First Reading April 6, 2005

Mar 16, 2005

House

Third Reading - Short Debate - Passed 115-000-000

Mar 15, 2005

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

Mar 10, 2005

House

House Committee Amendment No. 2 Filed with Clerk by Revenue Committee

House

Placed on Calendar 2nd Reading - Short Debate

House

Do Pass as Amended / Short Debate Revenue Committee; 012-000-000

House

House Committee Amendment No. 2 Adopted in Revenue Committee; by Voice Vote

Mar 03, 2005

House

House Committee Amendment No. 1 Filed with Clerk by Revenue Committee

House

Remains in Revenue Committee

House

Recommends Be Adopted Sub-committee/ Revenue Committee; 003-000-000

House

House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote

Feb 17, 2005

House

Assigned to Revenue Committee

Feb 14, 2005

House

Filed with the Clerk by Rep. Barbara Flynn Currie

House

Referred to Rules Committee

House

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act
House Amendment 002
House Amendment 001

Sources

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