--- type: "Bill" title: "TRUSTS-BENEFICIARY-POWER LAPSE" description: "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." jurisdiction: "us/states/il" legislature: "Illinois General Assembly" session: "96th" identifier: "SB 2509" citation: "Illinois SB 2509 (96th)" classification: ["bill"] subjects: [] status: "enacted" primary_sponsors: [] version_count: 3 action_count: 27 vote_count: 2 first_action: "2010-01-06" last_action: "2010-07-02" source: "openstates" source_identifier: "ocd-bill/d07326c5-32dc-44d2-b839-4e167cf9e6e4" source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2509&GAID=10&DocTypeID=SB&LegId=49086&SessionID=76&GA=96" source_hash: "519bd303ad3c619e0ad0284379ee3a36802b1740d1f5b910e3abf54858299952" vintage: "2026-07-01" source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump" retrieved_at: "2026-07-06" confidence: "reported" tags: ["legislation", "bill", "us-il"] --- # Illinois SB 2509 (96th) — TRUSTS-BENEFICIARY-POWER LAPSE 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. ## Version chain The bill's text revisions, in order — the diff chain from filing to enrollment. 1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB2509&GA=96&SessionId=76&DocTypeId=SB&LegID=49086&DocNum=2509&GAID=10&Session=&print=true) 2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB2509eng&GA=96&SessionId=76&DocTypeId=SB&LegID=49086&DocNum=2509&GAID=10&Session=&print=true) 3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB2509enr&GA=96&SessionId=76&DocTypeId=SB&LegID=49086&DocNum=2509&GAID=10&Session=&print=true) ## Votes - Third Reading — **115–0** (pass) · lower - Third Reading — **51–0** (pass) · upper ## Sponsors - Kirk W. Dillard — primary (person) ## Timeline The legislative action history — every referral, reading, and vote. - **2010-01-06** Filed with Secretary by Sen. Kirk W. Dillard `filing` - **2010-01-06** First Reading `reading-1` - **2010-01-06** Referred to Assignments `referral-committee` - **2010-02-10** Assigned to Judiciary `referral-committee` - **2010-02-17** Do Pass Judiciary; 010-000-000 `committee-passage` - **2010-02-17** Placed on Calendar Order of 2nd Reading February 18, 2010 - **2010-02-18** Second Reading `reading-2` - **2010-02-18** Placed on Calendar Order of 3rd Reading February 23, 2010 - **2010-02-23** Added as Chief Co-Sponsor Sen. Pamela J. Althoff - **2010-03-12** Third Reading - Passed; 051-000-000 `reading-3, passage` - **2010-03-12** Arrived in House `introduction` - **2010-03-12** Chief House Sponsor Rep. Franco Coladipietro - **2010-03-12** Placed on Calendar Order of First Reading `reading-1` - **2010-03-12** First Reading `reading-1` - **2010-03-12** Referred to Rules Committee `referral-committee` - **2010-03-22** Assigned to Judiciary I - Civil Law Committee `referral-committee` - **2010-04-14** Do Pass / Short Debate Judiciary I - Civil Law Committee; 015-001-000 `committee-passage` - **2010-04-14** Placed on Calendar 2nd Reading - Short Debate - **2010-04-20** Second Reading - Short Debate `reading-2` - **2010-04-20** Placed on Calendar Order of 3rd Reading - Short Debate - **2010-04-21** Third Reading - Short Debate - Passed 115-000-000 `reading-3, passage` - **2010-04-21** Passed Both Houses - **2010-04-21** Added Alternate Chief Co-Sponsor Rep. Patricia R. Bellock - **2010-05-20** Sent to the Governor `executive-receipt` - **2010-07-02** Governor Approved `executive-signature` - **2010-07-02** Effective Date July 2, 2010 - **2010-07-02** Public Act . . . . . . . . . 96-0980 `became-law` ## Source OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/d07326c5-32dc-44d2-b839-4e167cf9e6e4`. Confidence: reported (aggregated from official Illinois legislature records).