Illinois General Assembly - Full Text of HB0275
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Full Text of HB0275  94th General Assembly

HB0275 94TH GENERAL ASSEMBLY


 


 
94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB0275

 

Introduced 1/18/2005, by Rep. Angelo Saviano

 

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 immediately.


LRB094 05173 BDD 35215 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0275 LRB094 05173 BDD 35215 b

1     AN ACT concerning taxes.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Estate and Generation-Skipping
5 Transfer Tax Act is amended by adding Section 19 as follows:
 
6     (35 ILCS 405/19 new)
7     Sec. 19. No tax imposed beginning on July 1, 2005. For
8 taxable transfers occurring on or after July 1, 2005, no tax
9 shall be imposed or collected under this Act.
 
10     Section 99. Effective date. This Act takes effect upon
11 becoming law.