Bill Status of SB 2509   96th General Assembly


Short Description:  TRUSTS-BENEFICIARY-POWER LAPSE

Senate Sponsors
Sen. Kirk W. Dillard-Pamela J. Althoff

House Sponsors
(Rep. Franco Coladipietro-Patricia R. Bellock)


Last Action  View All Actions

DateChamber Action
  7/2/2010SenatePublic Act . . . . . . . . . 96-0980

Statutes Amended In Order of Appearance
755 ILCS 5/16.2 new

Synopsis As Introduced
Amends the Trusts and Trustees Act. Provides that a trust beneficiary may not be considered to be a settlor or to have made a transfer to the trust merely because of a lapse, release, or waiver of his or her power of withdrawal to the extent the value of the affected property does not exceed amounts specified in the Internal Revenue Code. Effective immediately.

Actions 
DateChamber Action
  1/6/2010SenateFiled with Secretary by Sen. Kirk W. Dillard
  1/6/2010SenateFirst Reading
  1/6/2010SenateReferred to Assignments
  2/10/2010SenateAssigned to Judiciary
  2/17/2010SenateDo Pass Judiciary; 010-000-000
  2/17/2010SenatePlaced on Calendar Order of 2nd Reading February 18, 2010
  2/18/2010SenateSecond Reading
  2/18/2010SenatePlaced on Calendar Order of 3rd Reading February 23, 2010
  2/23/2010SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
  3/12/2010SenateThird Reading - Passed; 051-000-000
  3/12/2010HouseArrived in House
  3/12/2010HouseChief House Sponsor Rep. Franco Coladipietro
  3/12/2010HousePlaced on Calendar Order of First Reading
  3/12/2010HouseFirst Reading
  3/12/2010HouseReferred to Rules Committee
  3/22/2010HouseAssigned to Judiciary I - Civil Law Committee
  4/14/2010HouseDo Pass / Short Debate Judiciary I - Civil Law Committee; 015-001-000
  4/14/2010HousePlaced on Calendar 2nd Reading - Short Debate
  4/20/2010HouseSecond Reading - Short Debate
  4/20/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/21/2010HouseThird Reading - Short Debate - Passed 115-000-000
  4/21/2010SenatePassed Both Houses
  4/21/2010HouseAdded Alternate Chief Co-Sponsor Rep. Patricia R. Bellock
  5/20/2010SenateSent to the Governor
  7/2/2010SenateGovernor Approved
  7/2/2010SenateEffective Date July 2, 2010
  7/2/2010SenatePublic Act . . . . . . . . . 96-0980

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