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SB 2509 Illinois Senate · 96th Regular Session

TRUSTS-BENEFICIARY-POWER LAPSE

Summary
Amends the Trusts and Trustees Act. Provides that a trust beneficiary may not be considered to be a settlor or to have made a transfer to the trust merely because of a lapse, release, or waiver of his or her power of withdrawal to the extent the value of the affected property does not exceed amounts specified in the Internal Revenue Code. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Mar 2010
Committee Review
Apr 2010
Senate Passage
Apr 2010
House Passage
Apr 2010
Signed into Law
Jul 2010
Introduced Mar 12, 2010 Signed Jul 2, 2010
Floor votes · Senate Mar 12, 2010 · House Apr 21, 2010

How they voted

41–0
Passed · 8 other
Total votes 49
Mar 12, 2010
D Democratic30
25 Yea 5
83% Yea
R Republican19
16 Yea 3
84% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
28
Key actions
5
Committee
6
Jul 2, 2010
Signed into law
Governor Approved
upper
Apr 21, 2010
Upper · Passed
Passed Both Houses
upper
Apr 14, 2010
Lower · Passed
Do Pass / Short Debate Judiciary I - Civil Law Committee; 015-001-000
lower
Mar 22, 2010
Committee
Assigned to Judiciary I - Civil Law Committee
lower
Mar 12, 2010
Committee
Referred to Rules Committee
lower
Mar 12, 2010
Introduced
Arrived in House
lower
Mar 12, 2010
Senate · Passed
Senate Vote: pass (41-0-8)
senate
Feb 17, 2010
Upper · Passed
Do Pass Judiciary; 010-000-000
upper
Feb 10, 2010
Committee
Assigned to Judiciary
upper
Jan 6, 2010
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.