<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 406    </title>
<shortdesc>ESTATE TAX-RE-LINK TO FEDERAL</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jack D. Franks-Sidney H. Mathias-Michael Tryon-Ed Sullivan, Jr.</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 405/2</reference><aliasreference>from Ch. 120, par. 405A-2</aliasreference><SynopsisText>     Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying after June 30, 2007 (now, December 31, 2009), the "State tax credit" is the amount of the federal credit for state tax allowable under the Internal Revenue Code. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/24/2007</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jack D. Franks</action>
<statusdate>1/26/2007</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/26/2007</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/31/2007</statusdate><chamber>House</chamber><action>Assigned to Revenue Committee</action>
<statusdate>2/6/2007</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Sidney H. Mathias</action>
<statusdate>2/8/2007</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Michael Tryon</action>
<statusdate>3/22/2007</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Ed Sullivan, Jr.</action>
<statusdate>3/23/2007</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

