ESTATE TAX-RE-LINK TO FEDERAL
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HB 406 — ESTATE TAX-RE-LINK TO FEDERAL
Last action — Session Sine Die
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 95th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying after June 30, 2007 (now, December 31, 2009), the "State tax credit" is the amount of the federal credit for state tax allowable under the Internal Revenue Code. Effective immediately.
Bill Text
- Introduced View text Current html
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
This bill amends the definition of the 'State tax credit' in the Illinois Estate and Generation-Skipping Transfer Tax Act to change the applicable deadlines for calculating the credit.
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35 ILCS 405/2
For persons dying after December 31, 2005 and on or before June 30, 2007→ For persons dying after December 31, 2005 and on or before June 30, 2007 December 31, 2009Extends the period during which a specific state tax credit calculation applies.
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35 ILCS 405/2
For persons dying after June 30, 2007→ For persons dying after June 30, 2007 December 31, 2009Clarifies the timeframe for when the credit for state tax computation changes to reflect federal law.
Action History
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Session Sine Die
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Rule 19(a) / Re-referred to Rules Committee
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Added Chief Co-Sponsor Rep. Ed Sullivan, Jr.
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Added Chief Co-Sponsor Rep. Michael Tryon
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Added Chief Co-Sponsor Rep. Sidney H. Mathias
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Assigned to Revenue Committee
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Referred to Rules Committee
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First Reading
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Filed with the Clerk by Rep. Jack D. Franks
Sponsors
- Jack D. Franks · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 1 co-sponsors · 182 not signed on
Sponsors (0)
None.
Co-sponsors (1)
- Jack D. Franks
Not signed on (182)
182 members have not signed on to this bill.
Show all 182 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HB 406 do?
- Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying after June 30, 2007 (now, December 31, 2009), the "State tax credit" is the amount of the federal credit for state tax allowable under the Internal Revenue Code. Effective immediately.
- Who sponsors HB 406?
- HB 406 is sponsored by Jack D. Franks.
- What is the current status of HB 406?
- This bill died with 95th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HB 406?
- Track HB 406 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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