SB 1563

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Estate Tax-Exclusion Amount

Abstract

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 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.

Bill Sponsors (3)

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Mar 28, 2019

Senate

Rule 3-9(a) / Re-referred to Assignments

Senate

Added as Co-Sponsor Sen. Jason A. Barickman

Mar 26, 2019

Senate

Added as Co-Sponsor Sen. Paul Schimpf

Mar 22, 2019

Senate

Rule 2-10 Committee Deadline Established As March 28, 2019

Mar 06, 2019

Senate

Postponed - Revenue

Feb 27, 2019

Senate

Assigned to Revenue

Feb 15, 2019

Senate

Filed with Secretary by Sen. Chuck Weaver

Senate

Referred to Assignments

Senate

First Reading

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