<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1602   </title>
<shortdesc>ESTATE TAX-RE-LINK TO FEDERAL</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Gary G. Dahl-Matt Murphy</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>Senate</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 December 31, 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>2/9/2007</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Gary G. Dahl</action>
<statusdate>2/9/2007</statusdate><chamber>Senate</chamber><action>Chief Co-Sponsor Sen. Matt Murphy</action>
<statusdate>2/9/2007</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2007</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>1/13/2009</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

