GA96HB255 96 HB 255 ESTATE AND GST TAX-QTIP Amends the Illinois Estate and Generation-Skipping Transfer Tax. Provides that the State tax credit for the estates of persons dying after December 31, 2005 and on or before December 31, 2009 includes a reduction for qualified terminable interest property. Provides that the trustee of a trust for which a QTIP election is made may not retain non-income producing assets for more than a reasonable amount of time without the consent of the surviving spouse. Effective immediately. http://www.ilga.gov/legislation/BillStatus.asp?DocNum=255&GAID=10&DocTypeID=HB&LegId=40376&SessionID=76&GA=96 2009-07-13 00:00:00 House Public Act . . . . . . . . . 96-0034 1 72 2009-07-13 00:00:00 House Effective Date July 13, 2009 0 71 2009-07-13 00:00:00 House Governor Approved 0 70 2009-06-30 00:00:00 House Sent to the Governor 0 69 2009-06-29 00:00:00 House Passed Both Houses 0 68 2009-06-29 00:00:00 House Motion Withdrawn Rep. Lou Lang 0 67 2009-05-22 00:00:00 House Motion Filed to Reconsider Vote Rep. Lou Lang 0 66 2009-05-22 00:00:00 House House Concurs 086-030-001; SA 1,3 0 65 2009-05-21 00:00:00 House Senate Floor Amendment No. 3 House Concurs 086-030-001 0 64 2009-05-21 00:00:00 House Senate Floor Amendment No. 1 House Concurs 086-030-001 0 63 2009-05-21 00:00:00 House Remove Chief Co-Sponsor Rep. Lou Lang 0 61 2009-05-21 00:00:00 House Chief Sponsor Changed to Rep. Lou Lang 0 62 2009-05-21 00:00:00 House Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Executive Committee; 010-000-000 0 59 HEXC 2009-05-21 00:00:00 House Remove Chief Co-Sponsor Rep. Thomas Holbrook 0 60 2009-05-21 00:00:00 House Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Executive Committee; 010-000-000 0 58 HEXC 2009-05-21 00:00:00 House Added Chief Co-Sponsor Rep. Lou Lang 0 57 2009-05-21 00:00:00 House Chief Sponsor Changed to Rep. Michael J. Madigan 0 56 2009-05-20 00:00:00 House Senate Floor Amendment No. 3 Motion Filed Concur Rep. Elaine Nekritz 0 48 2009-05-20 00:00:00 House Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee 0 49 HRUL 2009-05-20 00:00:00 House Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee 0 50 HRUL 2009-05-20 00:00:00 House Senate Floor Amendment No. 1 Motion to Concur Rules Referred to Executive Committee 0 51 HEXC 2009-05-20 00:00:00 House Senate Floor Amendment No. 3 Motion to Concur Rules Referred to Executive Committee 0 52 HEXC 2009-05-20 00:00:00 House Remove Chief Co-Sponsor Rep. Elizabeth Coulson 0 53 2009-05-20 00:00:00 House Remove Chief Co-Sponsor Rep. William B. Black 0 55 2009-05-20 00:00:00 House Remove Chief Co-Sponsor Rep. Patricia R. Bellock 0 54 2009-05-20 00:00:00 House Arrived in House 0 45 2009-05-20 00:00:00 House Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 3 0 46 2009-05-20 00:00:00 House Senate Floor Amendment No. 1 Motion Filed Concur Rep. Elaine Nekritz 0 47 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a) 0 44 2009-05-20 00:00:00 Senate Third Reading - Passed; 047-012-000 1 43 2009-05-20 00:00:00 Senate Added as Alternate Chief Co-Sponsor Sen. Donne E. Trotter 0 42 2009-05-20 00:00:00 Senate Placed on Calendar Order of 3rd Reading 0 41 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 1 Adopted; Cullerton 0 39 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 3 Adopted; Cullerton 0 40 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 3 Be Approved for Consideration Assignments 0 37 SCOA 2009-05-20 00:00:00 Senate Recalled to Second Reading 0 38 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 3 Referred to Assignments 0 36 SCOA 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 3 Filed with Secretary by Sen. John J. Cullerton 0 35 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 2 Referred to Assignments 0 33 SCOA 2009-05-20 00:00:00 Senate Sponsor Removed Sen. Tim Bivins 0 34 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 2 Filed with Secretary by Sen. John J. Cullerton 0 32 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 012-000-000 0 31 SEXC 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 1 Assignments Refers to Executive 0 30 SEXC 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 1 Referred to Assignments 0 29 SCOA 2009-05-20 00:00:00 Senate Senate Floor Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton 0 28 2009-05-20 00:00:00 Senate Alternate Chief Sponsor Changed to Sen. John J. Cullerton 0 27 2009-05-07 00:00:00 Senate Second Reading 1 25 2009-05-07 00:00:00 Senate Placed on Calendar Order of 3rd Reading May 12, 2009 0 26 2009-01-20 00:00:00 House Filed with the Clerk by Rep. Elaine Nekritz 0 0 2009-04-30 00:00:00 Senate Placed on Calendar Order of 2nd Reading May 5, 2009 0 24 2009-04-30 00:00:00 Senate Do Pass Revenue; 008-000-000 0 23 SREV 2009-01-20 00:00:00 House First Reading 1 1 2009-04-22 00:00:00 Senate Added as Alternate Chief Co-Sponsor Sen. Tim Bivins 0 22 2009-04-22 00:00:00 Senate Assigned to Revenue 0 21 SREV 2009-03-26 00:00:00 Senate Referred to Assignments 0 20 SCOA 2009-03-25 00:00:00 Senate Arrive in Senate 0 16 2009-03-25 00:00:00 Senate Placed on Calendar Order of First Reading March 26, 2009 0 17 2009-03-25 00:00:00 Senate Chief Senate Sponsor Sen. Don Harmon 0 18 2009-03-26 00:00:00 Senate First Reading 1 19 2009-03-24 00:00:00 House Fiscal Note Filed 0 12 2009-03-24 00:00:00 House Third Reading - Short Debate - Passed 112-001-000 1 13 2009-03-24 00:00:00 House Added Chief Co-Sponsor Rep. William B. Black 0 14 2009-03-24 00:00:00 House Added Chief Co-Sponsor Rep. Patricia R. Bellock 0 15 2009-03-18 00:00:00 House Second Reading - Short Debate 1 10 2009-03-18 00:00:00 House Placed on Calendar Order of 3rd Reading - Short Debate 0 11 2009-03-12 00:00:00 House Remains in Revenue & Finance Committee 0 6 HREF 2009-03-12 00:00:00 House Do Pass / Short Debate Revenue & Finance Committee; 013-000-000 0 7 HREF 2009-03-12 00:00:00 House Added Chief Co-Sponsor Rep. Thomas Holbrook 0 9 2009-03-12 00:00:00 House Placed on Calendar 2nd Reading - Short Debate 0 8 2009-03-03 00:00:00 House Added Chief Co-Sponsor Rep. Elizabeth Coulson 0 4 2009-03-12 00:00:00 House Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000 0 5 HREF 2009-02-04 00:00:00 House Assigned to Revenue & Finance Committee 0 3 HREF 2009-01-20 00:00:00 House Referred to Rules Committee 0 2 HRUL DonneETrotter Senate Chief Co-Sponsor LouLang House Chief Sponsor JohnJCullerton Senate Chief Sponsor