IL HB2993 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on February 16 2023 - 25% progression
Action: 2024-03-18 - Added Co-Sponsor Rep. Michael J. Coffey, Jr.
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 16 2023 - 25% progression
Action: 2024-03-18 - Added Co-Sponsor Rep. Michael J. Coffey, Jr.
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
ESTATE TAX-EXCLUSION AMT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-18 | House | Added Co-Sponsor Rep. Michael J. Coffey, Jr. |
| 2024-01-23 | House | Added Co-Sponsor Rep. Tony M. McCombie |
| 2023-03-10 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2023-03-09 | House | To Revenue - Tax Credit and Incentives Subcommittee |
| 2023-02-28 | House | Assigned to Revenue & Finance Committee |
| 2023-02-16 | House | Referred to Rules Committee |
| 2023-02-16 | House | First Reading |
| 2023-02-16 | House | Filed with the Clerk by Rep. Norine K. Hammond |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 405 | 2 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2993&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB2993.htm |
