Illinois Code | Chapter 35 Article 405 | Bills

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ILSB0139Intro
25%
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Cod...
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2025-01-17
To Senate Assignments Committee
ILSB0134Intro
25%
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, if a valid election has been made under the Internal Revenue Code allowing a person to take into account a federal dece...
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2025-01-17
To Senate Assignments Committee
ILHB0012Intro
25%
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $6,000,000 for persons dying on or after January 1, 2026. Effective immediately.
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2025-01-15
To House Rules Committee
ILHB0016Intro
25%
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Cod...
[Detail][Text][Discuss]
2025-01-09
To House Rules Committee
ILSB0140FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that no tax shall be imposed under the Act for persons dying on or after the effective date or for transfers made on or after the effective date. Effective immediately.
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2025-01-07
Session Sine Die
ILHB1459FailAmends 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 Cod...
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2025-01-07
Session Sine Die
ILHB1576FailAmends 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.
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2025-01-07
Session Sine Die
ILHB1560FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that no tax shall be imposed under the Act for persons dying on or after the effective date of the amendatory Act or for transfers made on or after the effective date of th...
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2025-01-07
Session Sine Die
ILHB1582FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that no tax shall be imposed under the Act for persons dying on or after the effective date of the amendatory Act or for transfers made on or after the effective date of th...
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2025-01-07
Session Sine Die
ILSB1535FailAmends the Illinois Income Tax Act. Makes changes concerning the federal depreciation deduction and net operating losses to restore provisions that were in effect prior to Public Act 102-16. Amends the Illinois Estate and Generation-Skipping Transfer...
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2025-01-07
Session Sine Die
ILSB1627FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2024, the person's adjusted taxable estate shall not include the value of the decedent's ownership interest in qualified farm...
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2025-01-07
Session Sine Die
ILSB1533FailAmends 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 Cod...
[Detail][Text][Discuss]
2025-01-07
Session Sine Die
ILHB2594FailAmends 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 Cod...
[Detail][Text][Discuss]
2025-01-07
Session Sine Die
ILHB2993FailAmends 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.
[Detail][Text][Discuss]
2025-01-07
Session Sine Die
ILHB3195FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that no tax shall be imposed under the Act for persons dying on or after the effective date or for transfers made on or after the effective date of the amendatory Act.
[Detail][Text][Discuss]
2025-01-07
Session Sine Die
ILHB3684FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $6,000,000 for persons dying on or after January 1, 2024. Effective immediately.
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2025-01-07
Session Sine Die
ILHB3661FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that a decedent dying on or after January 1, 2024 may, in a written revocable testamentary document, allocate all or a portion of the decedent's unused exclusion amount, in...
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2025-01-07
Session Sine Die
ILSB2581FailAmends 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 Cod...
[Detail][Text][Discuss]
2025-01-07
Session Sine Die
ILHB4115FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2024, the exclusion amount is the greater of $12,900,000 or the applicable exclusion amount calculated under specified provis...
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2025-01-07
Session Sine Die
ILSB2630FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2025, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Cod...
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2025-01-07
Session Sine Die
ILHB4519FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2024 and prior to January 1, 2026, the exclusion amount shall be the applicable exclusion amount calculated under the Interna...
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2025-01-07
Session Sine Die
ILSB2921FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject t...
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2025-01-07
Session Sine Die
ILHB4600FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject t...
[Detail][Text][Discuss]
2025-01-07
Session Sine Die
ILSB3976FailAmends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject t...
[Detail][Text][Discuss]
2025-01-07
Session Sine Die
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