O'MALLEY. (WAIT) 35 ILCS 405/12 from Ch. 120, par. 405A-12 Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Allows elections and agreements to be made on behalf of a minor or disabled person concerning deduction of the value of qualified family-owned business interests of the decedent under the federal Internal Revenue Code. Validates otherwise lawful elections or agreements made on or after January 1, 1998 in reliance on or pursuant to the federal provision. Effective immediately. 99-02-02 S FIRST READING 99-02-02 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-03 S ASSIGNED TO COMMITTEE REVENUE 99-02-18 S DO PASS 009-000-000 SREV 99-02-18 S PLACED ON CALENDAR ORDER OF 2ND READING 99-02-24 99-02-25 S SECOND READING 99-02-25 S PLACED ON CALENDAR ORDER OF 3RD READING 99-02-26 99-02-26 S THIRD READING - PASSED 055-000-000 99-02-26 H ARRIVE IN HOUSE 99-02-26 H PLACED CALENDAR ORDER OF FIRST READING 99-03-04 H HOUSE SPONSOR WAIT 99-03-05 H FIRST READING 99-03-05 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-03-19 H ASSIGNED TO COMMITTEE REVENUE 99-04-29 H DO PASS/SHORT DEBATE 008-000-000 HREV 99-04-29 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-05-04 H SECOND READING-SHORT DEBATE 99-05-04 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-05-05 H THIRD READING/SHORT DEBATE/PASSED 117-000-000 99-05-05 S PASSED BOTH HOUSES 99-06-03 S SENT TO THE GOVERNOR 99-07-29 S GOVERNOR APPROVED 99-07-29 S EFFECTIVE DATE 99-07-29 99-07-29 S PUBLIC ACT.............................. 91-0349 END OF INQUIRY Full Text Bill Summary