IL HB0820 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 22 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
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, 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.

Tracking Information

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Title

ESTATE TAX-EXCLUSION

Sponsors


History

DateChamberAction
2019-03-29HouseRule 19(a) / Re-referred to Rules Committee
2019-03-26HouseAdded Co-Sponsor Rep. Andrew S. Chesney
2019-02-14HouseTo Sales, Amusement & Other Taxes Subcommittee
2019-02-05HouseAssigned to Revenue & Finance Committee
2019-01-22HouseReferred to Rules Committee
2019-01-22HouseFirst Reading
2019-01-22HouseFiled with the Clerk by Rep. Mike Murphy

Code Citations

ChapterArticleSectionCitation TypeStatute Text
354052Amended CodeCitation Text

Illinois State Sources


Bill Comments

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