HB 5753

  • Illinois House Bill
  • 100th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Estate Tax-Farm Property

Abstract

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2019, if the decedent's taxable estate contains a farm, the exclusion amount shall be the applicable exclusion amount under Section 2010 of the Internal Revenue Code. Effective immediately.

Bill Sponsors (1)

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Jan 08, 2019

House

Session Sine Die

Feb 16, 2018

House

Filed with the Clerk by Rep. Natalie Phelps Finnie

House

First Reading

House

Referred to Rules Committee

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