Bill Status of HB 5753   100th General Assembly


Short Description:  ESTATE TAX-FARM PROPERTY

House Sponsors
Rep. Natalie Phelps Finnie

Last Action  View All Actions

DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 405/2from Ch. 120, par. 405A-2

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/16/2018HouseFiled with the Clerk by Rep. Natalie Phelps Finnie
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  1/8/2019HouseSession Sine Die

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