ESTATE TAX-FARM PROPERTY
Summary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2019, if the decedent's taxable estate contains a farm, the exclusion amount shall be the applicable exclusion amount under Section 2010 of the Internal Revenue Code. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2018
Committee Review
Floor Vote
Governor
Introduced Feb 16, 2018
Last action Jan 8, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 8, 2019
House · Failed
Session Sine Die
Feb 16, 2018
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Natalie Phelps Finnie
DDemocratic
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