ESTATE TAX-EXCLUSION
Summary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2022, 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
failed
1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
Governor
Introduced Feb 17, 2021
Last action Jan 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
4
Mar 27, 2021
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 18, 2021
Lower · Passed
To Sales, Amusement, & Other Taxes Subcommittee
lower
Mar 9, 2021
Committee
Assigned to Revenue & Finance Committee
lower
Feb 19, 2021
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mike Murphy
RRepublican
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