ESTATE TAX-EXCLUSION
Summary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2021, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code, including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2020
Committee Review
Floor Vote
Governor
Introduced Jan 6, 2020
Last action Jun 23, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
11
Key actions
1
Committee
4
Jun 23, 2020
Committee
Rule 19(b) / Re-referred to Rules Committee
lower
Mar 6, 2020
Lower · Passed
To Sales, Amusement & Other Taxes Subcommittee
lower
Feb 25, 2020
Committee
Assigned to Revenue & Finance Committee
lower
Jan 8, 2020
Committee
Referred to Rules Committee
lower
0 primary · 5 co-sponsors
Sponsors
No sponsor information available.
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