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
Feb 2023
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2023
Last action Apr 5, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
5
Apr 5, 2024
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 12, 2024
Committee
Assigned to Revenue & Finance Committee
lower
Mar 10, 2023
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 23, 2023
Committee
Assigned to Revenue & Finance Committee
lower
Feb 15, 2023
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Chris Miller
RRepublican
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