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IL SB2611

Bill

Status

Passed

7/15/2016

Primary Sponsor

Emil Jones

Click for details

Origin

Senate

99th General Assembly

AI Summary

  • Amends the Illinois Estate and Generation-Skipping Transfer Tax Act to modify filing and payment procedures for transfer taxes.

  • Eliminates the requirement to file copies of Illinois transfer tax returns with county treasurers (prior to July 1, 2012) or the State Treasurer (on or after July 1, 2012); returns are now filed only with the Attorney General.

  • Maintains that Illinois transfer taxes must be paid directly to the State Treasurer on or after July 1, 2012, and specifies that the State Treasurer cannot refuse payment based on not yet receiving a copy of the tax return.

  • Preserves confidentiality protections for transfer tax returns and related federal returns filed with state officials, prohibiting disclosure except in proceedings under the Act.

  • Takes effect upon becoming law.

Legislative Description

ESTATE TAX-TREASURER

Last Action

Public Act . . . . . . . . . 99-0575

7/15/2016

Committee Referrals

Revenue & Finance5/5/2016
Sales and Other Taxes4/27/2016
Revenue & Finance4/18/2016
Rules4/14/2016
Revenue2/24/2016
Assignments2/16/2016

Full Bill Text

No bill text available