ESTATE TAX-FARM PROPERTY House SponsorsRep. Stephanie A. Kifowit 1/10/2017HouseSession Sine Die 35 ILCS 405/2from Ch. 120, par. 405A-2 Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that the value of farm property transferred to a qualified heir shall not be included in the decedent's taxable estate for the purposes of calculating the State tax credit if any qualified heir of the decedent will be engaged in active management of the farm for a period of at least 10 years after the date of the transfer, or until the death of that qualified heir, whichever occurs first. Defines "active management", "farm property", and "qualified heir". Effective immediately. 2/2/2016HouseFiled with the Clerk by Rep. Stephanie A. Kifowit 2/5/2016HouseFirst Reading 2/5/2016HouseReferred to Rules Committee 3/23/2016HouseAssigned to Revenue & Finance Committee 3/29/2016HouseTo Sales and Other Taxes Subcommittee 4/8/2016HouseRule 19(a) / Re-referred to Rules Committee 1/10/2017HouseSession Sine Die