State of Illinois
92nd General Assembly

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 1        AN ACT concerning taxation.

 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  changing  Section  14  as
 6    follows:

 7        (35 ILCS 405/14) (from Ch. 120, par. 405A-14)
 8        Sec. 14.  Statute of limitations; claims for refund.
 9        In  case  it appears that the amount paid with respect to
10    any taxable transfer is more than the amount due  under  this
11    Act,  then  the  State Treasurer of Illinois shall refund the
12    excess to the person entitled to the refund, provided that no
13    amount shall be refunded unless application for the refund is
14    filed with the State Treasurer of Illinois no later than  one
15    year after the last date allowable under the Internal Revenue
16    Code for filing a claim for refund of any part of the related
17    federal  transfer tax or, if later, within one year after the
18    date of final determination of the related  federal  transfer
19    tax.
20    (Source: P.A. 86-737.)

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