Illinois General Assembly - Bill Status for HB6113

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Bill Status of HB6113 99th General Assembly

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Short Description: ESTATE TAX-FARM PROPERTY

House Sponsors
Rep. Avery Bourne

Last Action

Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 405/2

from 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 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.

Actions

Date	Chamber	Action
2/11/2016	House	Filed with the Clerk by Rep. Avery Bourne
2/11/2016	House	First Reading
2/11/2016	House	Referred to Rules Committee
3/23/2016	House	Assigned to Revenue & Finance Committee
3/29/2016	House	To Sales and Other Taxes Subcommittee
4/8/2016	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2017	House	Session Sine Die

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