Roll Call: IL HB0255 | 2009-2010 | 96th General Assembly
For additional roll call votes on Illinois HB0255 please see the Vote List
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2009-07-13 - Public Act . . . . . . . . . 96-0034 [HB0255 Detail]
Text: Latest bill text (Enrolled) [HTML]
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2009-07-13 - Public Act . . . . . . . . . 96-0034 [HB0255 Detail]
Text: Latest bill text (Enrolled) [HTML]
Vote: Third Reading in Senate
Vote | Tally | Democrat | Republican |
---|---|---|---|
Yea | 43 | 32 | 11 |
Nay | 11 | 2 | 9 |
Not Voting | - | - | - |
Absent | - | - | - |
TOTAL | 54 | 34 | 20 |