State of Illinois
92nd General Assembly
Legislation

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92_HR0260ham001

 










                                             LRB9208001LBmgam

 1                  AMENDMENT TO HOUSE RESOLUTION 260

 2        AMENDMENT  NO.      .   Amend  House  Resolution  260  by
 3    replacing everything after the heading with the following:

 4        "WHEREAS, The federal estate  tax  in  its  current  form
 5    helps reduce concentrations of power and promotes equality of
 6    economic opportunity; and

 7        WHEREAS,  The  revenue  from the federal estate tax funds
 8    vital  programs  such  as  Medicaid,  assistance   to   needy
 9    families,   education,   senior  services,  child  care,  and
10    long-term care for the elderly and disabled; and

11        WHEREAS, Reformation and not revocation  of  the  federal
12    estate  tax  will allow the Federal Government to continue to
13    address the nation's priorities while decreasing  the  burden
14    on taxpayers; and

15        WHEREAS,  Accelerating  the  increase  in  the estate tax
16    exemption to protect family farms and small  businesses  will
17    allow  for  the  continued  funding  of  vital programs while
18    providing immediate relief to taxpayers; and

19        WHEREAS, Estates reporting the highest gross  assets  are
20    responsible  for  the  largest  percentage  of  all  reported
21    charitable  bequests and absent the estate tax these bequests
 
                            -2-              LRB9208001LBmgam
 1    to charity will diminish significantly; and

 2        WHEREAS, Reforming the existing  federal  estate  tax  to
 3    provide immediate estate tax relief in a fiscally responsible
 4    manner   will  completely  exempt  a  greater  percentage  of
 5    Americans and continue to encourage charitable contributions;
 6    therefore, be it

 7        RESOLVED,  BY  THE  HOUSE  OF  REPRESENTATIVES   OF   THE
 8    NINETY-SECOND GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
 9    we  urge  our  elected  representatives  in the United States
10    Congress to reform the existing federal estate tax; and be it
11    further

12        RESOLVED, That a suitable  copy  of  this  resolution  be
13    presented  to  each  member  of  the  Illinois  congressional
14    delegation.".

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