Darren Bailey
- Republican
Cosponsor
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2021, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code, including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.
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Added Chief Co-Sponsor Rep. Darren Bailey
Filed with the Clerk by Rep. Thomas M. Bennett
First Reading
Referred to Rules Committee
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