CULLERTON. (FEIGENHOLTZ-DART) 760 ILCS 15/6 from Ch. 30, par. 506 760 ILCS 15/14 from Ch. 30, par. 514 Amends the Principal and Income Act. Provides that expenses incurred in connection with the management of a decedent's estate may be charged against the principal or income of the estate. Makes changes concerning the charging of a depreciation allowance against income. Authorizes, as a charge against income, one-half of the interest on estate, inheritance, and generation-skipping transfer taxes and one-half of the interest on any penalties on those taxes. Authorizes, as a charge against principal, costs and disbursements related to environmental matters. Effective immediately. SENATE AMENDMENT NO. 1. Corrects a spelling error. HOUSE AMENDMENT NO. 1. Deletes reference to: 760 ILCS 15/6 Deletes the amendatory changes concerning the administration of a decedent's estate and the charging of certain expenses incurred in connection with the settlement or management of the estate against the principal or income of the estate. Adds a cross-reference concerning the charging of interest paid by a trustee against the income of a trust. FISCAL NOTE, H-AM 1 (Department on Aging) The Department on Aging would not be impacted by this legisla- tion and there is no fiscal impact to the Department. FISCAL NOTE (Office of the Attorney General) This bill would have no fiscal impact on the A.G.'s Office. 00-02-02 S FIRST READING 00-02-02 S REFERRED TO SENATE RULES COMMITTEE RULES 00-02-09 S ASSIGNED TO COMMITTEE JUDICIARY 00-02-16 S AMENDMENT NO. 01-JUDICIARY S 00-02-16 S ADOPTED 00-02-16 S DO PASS AS AMENDED 011-000-000 SJUD 00-02-16 S PLACED ON CALENDAR ORDER OF 2ND READING 00-02-17 00-02-17 S SECOND READING 00-02-17 S PLACED ON CALENDAR ORDER OF 3RD READING 00-02-22 00-02-23 S THIRD READING - PASSED 059-000-000 00-02-23 H ARRIVE IN HOUSE 00-02-23 H PLACED CALENDAR ORDER OF FIRST READING 00-02-24 H HOUSE SPONSOR DART 00-02-24 H FIRST READING 00-02-24 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-03-08 H ALTERNATE PRIMARY SPONSOR CHANGED TO FEIGENHOLTZ 00-03-08 H ADDED AS A JOINT SPONSOR DART 00-03-16 H ASSIGNED TO COMMITTEE JUD-CIVIL LAW 00-03-23 H AMENDMENT NO. 01-JUD-CIVIL LAW H 00-03-23 H ADOPTED 00-03-23 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HJUA 00-03-23 H PLACED CALENDAR 2ND READING-SHORT DEBATE 00-03-24 H SECOND READING-SHORT DEBATE 00-03-24 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 00-04-05 H FISCAL NOTE FILED AS AMENDED BY HOUSE AMEND #1 00-04-05 H CALENDAR ORDER 3RD READING-SHORT DEBATE 00-04-07 H THIRD READING/SHORT DEBATE/PASSED 116-000-000 00-04-07 S SECRETARYS DESK - CONCURRENCE 01 00-04-11 S FILED WITH SECRETARY 00-04-11 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/CULLERTON 00-04-11 S MOTION REFERRED TO SRUL 00-04-11 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/CULLERTON 00-04-11 S RULES REFERS TO SJUD 00-04-11 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/CULLERTON 00-04-11 S BE APPROVED FOR CONSIDERATION SJUD/009-000-000 00-04-11 S FISCAL NOTE FILED 00-04-13 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/CULLERTON 00-04-13 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/058-000-000 00-04-13 S PASSED BOTH HOUSES 00-05-12 S SENT TO THE GOVERNOR 00-07-07 S GOVERNOR APPROVED 00-07-07 S EFFECTIVE DATE 00-07-07 00-07-07 S PUBLIC ACT.............................. 91-0923 END OF INQUIRY Full Text Bill Summary