Bill Title: Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $12,060,000 for persons dying on or after January 1, 2024. Effective immediately.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced) 2024-03-18 - Added Co-Sponsor Rep. Michael J. Coffey, Jr. [HB2993 Detail]

Text: Latest bill text (Introduced) [HTML]

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