ESTATE TAX-EXCLUSION AMOUNT
Summary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2024, 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 2023
Committee Review
Floor Vote
Governor
Introduced Jan 26, 2023
Last action Apr 5, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
23
Key actions
3
Committee
10
Amendments
1
Apr 5, 2024
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 8, 2024
Lower · Passed
To Revenue - Sales, Amusement and Other Taxes Subcommittee
lower
Mar 5, 2024
Committee
Referred to Revenue & Finance Committee
lower
Mar 10, 2023
Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
lower
Mar 10, 2023
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 9, 2023
Lower · Passed
To Revenue - Sales, Amusement and Other Taxes Subcommittee
lower
Mar 7, 2023
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
Mar 1, 2023
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 1, 2023
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Tony M. McCombie
lower
Feb 23, 2023
Committee
Assigned to Revenue & Finance Committee
lower
Jan 31, 2023
Committee
Referred to Rules Committee
lower
1 primary · 9 co-sponsors
Sponsors
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