IL HB4198 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
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, 2019, 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.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

ESTATE TAX-EXCLUSION AMOUNT

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2018-01-16HouseReferred to Rules Committee
2018-01-16HouseFirst Reading
2017-12-20HouseFiled with the Clerk by Rep. Thomas M. Bennett

Code Citations

ChapterArticleSectionCitation TypeStatute Text
354052Amended CodeCitation Text

Illinois State Sources


Bill Comments

feedback