IL HB1459 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 11-0)
Status: Introduced on January 26 2023 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 26 2023 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
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.
Title
ESTATE TAX-EXCLUSION AMOUNT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2024-03-18 | House | Added Co-Sponsor Rep. Michael J. Coffey, Jr. |
| 2024-03-08 | House | To Revenue - Sales, Amusement and Other Taxes Subcommittee |
| 2024-03-05 | House | Referred to Revenue & Finance Committee |
| 2024-02-20 | House | Added Co-Sponsor Rep. Jackie Haas |
| 2024-02-07 | House | Added Co-Sponsor Rep. Wayne A Rosenthal |
| 2024-02-02 | House | Added Co-Sponsor Rep. Kevin Schmidt |
| 2024-02-02 | House | Added Co-Sponsor Rep. Brandun Schweizer |
| 2023-09-06 | House | Added Co-Sponsor Rep. Dan Ugaste |
| 2023-03-21 | House | Added Co-Sponsor Rep. Travis Weaver |
| 2023-03-16 | House | Added Co-Sponsor Rep. David Friess |
| 2023-03-16 | House | Added Co-Sponsor Rep. Steven Reick |
| 2023-03-16 | House | Added Co-Sponsor Rep. Amy Elik |
| 2023-03-10 | House | House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee |
| 2023-03-10 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2023-03-09 | House | To Revenue - Sales, Amusement and Other Taxes Subcommittee |
| 2023-03-07 | House | House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee |
| 2023-03-01 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2023-03-01 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Tony M. McCombie |
| 2023-02-23 | House | Assigned to Revenue & Finance Committee |
| 2023-01-31 | House | Referred to Rules Committee |
| 2023-01-31 | House | First Reading |
| 2023-01-26 | House | Filed with the Clerk by Rep. Tony M. McCombie |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 405 | 2 | Amended Code | Citation Text |
