Bill Sponsors: IL HB0238 | 2019-2020 | 101st General Assembly

Bill Title: Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2020, 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.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced) 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee [HB0238 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Thomas Bennett [R]PrimarySponsored BillsHD-106FollowTheMoneyBallotpediaVoteSmart
Representative Andrew Chesney [R]CosponsorSponsored BillsHD-089FollowTheMoneyBallotpediaVoteSmart

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