Senate Sponsors: WELCH. Short description: UPPER RIV VAL AUTH-EXEMPT BOND Synopsis of Bill as introduced: Amends the Upper Illinois River Valley Development Authority Act. Provides that on and after the effective date of this amendatory Act, bonds issued by the Authority under the Act and the interest therefrom shall be exempt from State taxation, except for estate, transfer, and inheritance taxes. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status