IL HB1576 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 30 2023 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 30 2023 - 25% progression
Action: 2024-04-05 - 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. Increases the exclusion amount to $8,000,000 for persons dying on or after January 1, 2024 (currently, $4,000,000). Effective immediately.
Title
ESTATE TAX-EXCLUSION AMT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2024-03-18 | House | Added Co-Sponsor Rep. Michael J. Coffey, Jr. |
| 2024-03-08 | House | To Revenue - Sales, Amusement and Other Taxes Subcommittee |
| 2024-03-05 | House | Referred to Revenue & Finance Committee |
| 2023-03-16 | House | Added Co-Sponsor Rep. Chris Miller |
| 2023-03-10 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2023-03-09 | House | To Revenue - Sales, Amusement and Other Taxes Subcommittee |
| 2023-02-28 | House | Assigned to Revenue & Finance Committee |
| 2023-01-31 | House | Referred to Rules Committee |
| 2023-01-31 | House | First Reading |
| 2023-01-30 | House | Filed with the Clerk by Rep. Adam M. Niemerg |
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=1576&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB1576.htm |
