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HB 1570 Illinois House · 94th Regular Session

ESTATE TAX CREDIT

Summary
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 status signed all 5 stages cleared
Introduction
Mar 2005
Committee Review
Apr 2005
House Passage
May 2005
Senate Passage
May 2005
Signed into Law
Aug 2005
Introduced Mar 17, 2005 Signed Aug 2, 2005
Floor votes · Senate May 18, 2005 · House Mar 16, 2005

How they voted

52–0
Passed · 3 other
Total votes 55
May 18, 2005
D Democratic29
27 Yea 2
93% Yea
R Republican26
25 Yea 1
96% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
33
Key actions
10
Committee
8
Amendments
4
Aug 2, 2005
Signed into law
Governor Approved
lower
May 18, 2005
Lower · Passed
Passed Both Houses
lower
May 18, 2005
Senate · Passed
Senate Vote: pass (52-0-3)
senate
Apr 21, 2005
Upper · Passed
Do Pass Revenue; 010-000-000
upper
Apr 13, 2005
Committee
Assigned to Revenue
upper
Apr 6, 2005
Committee
Referred to Rules
upper
Mar 17, 2005
Introduced
Arrive in Senate
upper
Mar 16, 2005
House · Passed
House Vote: pass (112-0-3)
house
Mar 10, 2005
Lower · Passed
Do Pass as Amended / Short Debate Revenue Committee; 012-000-000
lower
Mar 10, 2005
Lower · Passed
House Committee Amendment No. 2 Adopted in Revenue Committee; by Voice Vote
lower
Mar 10, 2005
Introduced
House Committee Amendment No. 2 Filed with Clerk by Revenue Committee
lower
Mar 3, 2005
Lower · Passed
Remains in Revenue Committee
lower
Mar 3, 2005
Lower · Passed
Recommends Be Adopted Sub-committee/ Revenue Committee; 003-000-000
lower
Mar 3, 2005
Lower · Passed
House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
lower
Mar 3, 2005
Introduced
House Committee Amendment No. 1 Filed with Clerk by Revenue Committee
lower
Feb 17, 2005
Committee
Assigned to Revenue Committee
lower
Feb 14, 2005
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.