94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB0530


 
Introduced 01/27/05, by Rep. Patricia Reid Lindner
 
SYNOPSIS AS INTRODUCED:
 		













35 ILCS 405/19 new










    Amends the Illinois Estate and Generation-Skipping Transfer Tax Act.  Provides that for taxable transfers occurring on or after July 1, 2005, no tax shall be imposed or collected under the Act. Effective July 1, 2005.
















LRB094 06330 BDD 36405 b

















FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB0530

LRB094 06330 BDD 36405 b






1
    AN ACT concerning taxes.

 
2
    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
4
    Section 5. The Illinois Estate and Generation-Skipping 
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Transfer Tax Act is amended  by adding Section 19 as follows:
 
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    (35 ILCS 405/19  new)
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    Sec. 19. No tax imposed beginning on July 1, 2005. For 
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taxable transfers occurring on or after July 1, 2005, no tax 
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shall be imposed or collected under this Act.

 
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    Section 99. Effective date. This Act takes effect on July 
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1, 2005.