Senate Sponsors: PETERSON AND CULLERTON. Short description: INHERITANCE TAXES-REINSTATE Synopsis of Bill as introduced: Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that "State tax credit" means the credit for state tax allowable under certain provisions of the Internal Revenue Code as computed under the federal estate tax law in effect on December 31, 2000 (now, allowable under those provisions of the Internal Revenue Code as amended from time to time). Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status