HB 1940

  • Illinois House Bill
  • 102nd Regular Session
  • Introduced in House
  • House
  • Senate
  • 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, 2022, 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 (4)

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Jan 10, 2023

House

Session Sine Die

Mar 30, 2022

House

Added Co-Sponsor Rep. Keith R. Wheeler

Mar 15, 2022

House

Added Co-Sponsor Rep. David A. Welter

Feb 23, 2022

House

Added Co-Sponsor Rep. Joe Sosnowski

Mar 27, 2021

House

Rule 19(a) / Re-referred to Rules Committee

Mar 18, 2021

House

To Sales, Amusement, & Other Taxes Subcommittee

Mar 09, 2021

House

Assigned to Revenue & Finance Committee

Feb 17, 2021

House

Referred to Rules Committee

House

First Reading

Feb 16, 2021

House

Filed with the Clerk by Rep. Tony McCombie

Bill Text

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Sources

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