ESTATE TRANSFER TAXES-TECH House SponsorsRep. Robert S. Molaro Senate Sponsors(Sen. Terry Link) 1/11/2005HouseSession Sine Die 35 ILCS 405/1from Ch. 120, par. 405A-1 Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes a technical change in a Section concerning the short title.Senate Floor Amendment No. 1 Deletes reference to:35 ILCS 405/1Adds reference to:P.A. 93-657, Sec. 99 new35 ILCS 200/31-535 ILCS 200/31-1035 ILCS 200/31-2035 ILCS 820/355 ILCS 5/5-1031from Ch. 34, par. 5-103130 ILCS 805/8.28 new35 ILCS 200/31-10Deletes everything after the enacting clause. Amends P.A. 93-657 to provide that certain provisions concerning real estate transfer taxes take effect on July 1, 2004 (instead of June 1, 2004). Amends the Property Tax Code. In an Article concerning the real estate transfer tax, provides that the term "value" includes the full actual consideration for the beneficial interest in real property located in Illinois, and beginning July 1, 2004, the term "trust document" includes any document relating to the transfer of a taxable beneficial interest. Provides that the Department of Revenue may prescribe a form to evidence the payment of the tax if a transferring document is not presented for recordation within 3 business days after the transfer is effected. Amends the Stock, Commodity, or Options Transaction Tax Exemption Act to provide that the Act shall not be construed as prohibiting or otherwise invalidating any real estate transfer tax authorized or permitted by a certain Section of the Counties Code. Amends the Counties Code. In a Section concerning a county real estate transfer tax, provides that the tax may not be imposed unless the county board also imposes a tax at the same rate on the transfer of beneficial interests in real property, as defined in the Property Tax Code. Sets forth requirements for imposing and collecting the tax. Amends the State Mandates Act to require implementation without reimbursement. Effective July 1, 2004, except some parts effective immediately. 1/31/2003HouseFiled with the Clerk by Rep. Michael J. Madigan 1/31/2003HouseChief Co-Sponsor Rep. Barbara Flynn Currie 1/31/2003HouseChief Co-Sponsor Rep. Robert S. Molaro 1/31/2003HouseFirst Reading 1/31/2003HouseReferred to Rules Committee 2/4/2003HouseAssigned to Executive Committee 3/12/2003HouseDo Pass / Short Debate Executive Committee; 010-000-000 3/12/2003HousePlaced on Calendar 2nd Reading - Short Debate ** 3/31/2003HouseSecond Reading - Short Debate 3/31/2003HouseHeld on Calendar Order of Second Reading - Short Debate ** 4/2/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate ** 4/3/2003HouseThird Reading - Short Debate - Passed 069-044-004 4/8/2003SenateArrive in Senate 4/8/2003SenatePlaced on Calendar Order of First Reading April 9, 2003 4/8/2003SenateChief Senate Sponsor Sen. Emil Jones, Jr. 4/8/2003SenateFirst Reading 4/8/2003SenateReferred to Rules 4/16/2003SenateAssigned to Executive 5/1/2003SenateDo Pass Executive; 007-004-000 5/1/2003SenatePlaced on Calendar Order of 2nd Reading May 6, 2003 5/6/2003SenateSecond Reading 5/6/2003SenatePlaced on Calendar Order of 3rd Reading May 7, 2003 5/16/2003SenateThird Reading Deadline Extended - Rule 2-10, to December 31, 2003. 7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 5/11/2004SenateApproved for Consideration Rules 5/11/2004SenatePlaced on Calendar Order of 3rd Reading May 12, 2004 5/11/2004SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Terry Link 5/11/2004SenateSenate Floor Amendment No. 1 Referred to Rules 5/11/2004SenateSenate Floor Amendment No. 1 Rules Refers to Revenue 5/12/2004SenateAlternate Chief Sponsor Changed to Sen. Terry Link 5/12/2004SenateSenate Floor Amendment No. 1 Be Approved for Consideration Revenue; 009-000-000 5/12/2004SenateRecalled to Second Reading 5/12/2004SenateSenate Floor Amendment No. 1 Adopted; Link 5/12/2004SenatePlaced on Calendar Order of 3rd Reading May 13, 2004 5/13/2004SenateThird Reading - Passed; 056-002-000 5/13/2004HouseArrived in House 5/13/2004HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1 5/19/2004HouseSponsor Removed Rep. Barbara Flynn Currie 5/26/2004HouseChief Sponsor Changed to Rep. Robert S. Molaro 5/26/2004HouseSponsor Removed Rep. Robert S. Molaro 5/27/2004HouseSenate Floor Amendment No. 1 Motion Filed Concur Rep. Robert S. Molaro 5/27/2004HouseSenate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee 5/28/2004HouseSenate Floor Amendment No. 1 Motion to Concur Rules Referred to Revenue Committee 5/31/2004HouseSenate Floor Amendment No. 1 Motion to Concur Recommends be Adopted Revenue Committee; 007-002-000 5/31/2004HouseSenate Floor Amendment No. 1 Motion to Concur Lost 045-070-000 6/1/2004HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005HouseSession Sine Die