ESTATE TAX-EXCLUSION AMT
Summary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount to $8,000,000 for persons dying on or after January 1, 2023 (currently, $4,000,000). Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 27, 2022
Last action Jan 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
16
Key actions
1
Committee
4
Feb 18, 2022
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 15, 2022
Lower · Passed
To Sales, Amusement, & Other Taxes Subcommittee
lower
Feb 9, 2022
Committee
Assigned to Revenue & Finance Committee
lower
Jan 31, 2022
Committee
Referred to Rules Committee
lower
1 primary · 9 co-sponsors
Sponsors
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