IL SB1742 | 2019-2020 | 101st General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Bipartisan Bill
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
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 under the Internal Revenue Code. Effective immediately.
Title
ESTATE TAX-EXCLUSION AMOUNT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-13 | Senate | Session Sine Die |
| 2019-03-22 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2019-03-07 | Senate | Added as Chief Co-Sponsor Sen. John F. Curran |
| 2019-03-06 | Senate | To Subcommittee on Tax Exemptions and Credits |
| 2019-02-27 | Senate | Assigned to Revenue |
| 2019-02-15 | Senate | Referred to Assignments |
| 2019-02-15 | Senate | First Reading |
| 2019-02-15 | Senate | Filed with Secretary by Sen. Scott M. Bennett |
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=1742&GAID=15&DocTypeID=SB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/SB/10100SB1742.htm |
