IL HB3684 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 17 2023 - 25% progression
Action: 2024-01-23 - Added Co-Sponsor Rep. Tony M. McCombie
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $6,000,000 for persons dying on or after January 1, 2024. Effective immediately.

Tracking Information

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Title

ESTATE TX-EXCLUSION AMOUNT

Sponsors


History

DateChamberAction
2024-01-23HouseAdded Co-Sponsor Rep. Tony M. McCombie
2023-03-10HouseRule 19(a) / Re-referred to Rules Committee
2023-03-09HouseTo Revenue - Tax Credit and Incentives Subcommittee
2023-02-28HouseAssigned to Revenue & Finance Committee
2023-02-17HouseReferred to Rules Committee
2023-02-17HouseFirst Reading
2023-02-17HouseFiled with the Clerk by Rep. Dave Severin

Code Citations

ChapterArticleSectionCitation TypeStatute Text
354052Amended CodeCitation Text

Illinois State Sources


Bill Comments

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