HB 6113 Illinois House · 99th Regular Session

ESTATE TAX-FARM PROPERTY

Summary

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after July 1, 2016, if the decedent was a farmer, then the exclusion amount for that decedent shall be the federal exclusion amount, including any deceased spousal unused exclusion amount. Provides that the term "farmer" means a decedent whose adjusted taxable estate consists of at least 75% farm property and who was engaged in active management of that farm property at any point during his or her lifetime. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2016

Committee Review

Floor Vote

Governor

Introduced Feb 11, 2016 Last action Jan 10, 2017

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 8, 2016

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Mar 29, 2016

Lower · Passed

To Sales and Other Taxes Subcommittee

lower

Mar 23, 2016

Committee

Assigned to Revenue & Finance Committee

lower

Feb 11, 2016

Committee

Referred to Rules Committee

lower

0 primary · 1 co-sponsor