Bill Title: 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.

Spectrum: Partisan Bill (Republican 11-0)

Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB1459 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Tony McCombie [R]	Primary	Sponsored Bills	HD-089	FollowTheMoney	Ballotpedia	VoteSmart
Representative Amy Elik [R]	Cosponsor	Sponsored Bills	HD-111	FollowTheMoney	Ballotpedia	VoteSmart
Representative Steven Reick [R]	Cosponsor	Sponsored Bills	HD-063	FollowTheMoney	Ballotpedia	VoteSmart
Representative David Friess [R]	Cosponsor	Sponsored Bills	HD-115	FollowTheMoney	Ballotpedia	VoteSmart
Representative Travis Weaver [R]	Cosponsor	Sponsored Bills	HD-093	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dan Ugaste [R]	Cosponsor	Sponsored Bills	HD-065	FollowTheMoney	Ballotpedia	VoteSmart
Representative Brandun Schweizer [R]	Cosponsor	Sponsored Bills	HD-104	FollowTheMoney	Ballotpedia	VoteSmart
Representative Kevin Schmidt [R]	Cosponsor	Sponsored Bills	HD-114	FollowTheMoney	Ballotpedia	N/A
Representative Wayne Rosenthal [R]	Cosponsor	Sponsored Bills	HD-108	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jackie Haas [R]	Cosponsor	Sponsored Bills	HD-079	FollowTheMoney	Ballotpedia	VoteSmart
Representative Mike Coffey [R]	Cosponsor	Sponsored Bills	HD-095	FollowTheMoney	Ballotpedia	N/A

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