SB 2125

  • Illinois Senate Bill
  • 102nd 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 the exclusion amount is $2,000,000 for persons dying on or after January 1, 2022 (currently, $4,000,000). Effective immediately.

Bill Sponsors (4)

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Jan 10, 2023

Senate

Session Sine Die

May 17, 2021

Senate

Added as Co-Sponsor Sen. Omar Aquino

May 07, 2021

Senate

Added as Co-Sponsor Sen. Ram Villivalam

Apr 21, 2021

Senate

Added as Chief Co-Sponsor Sen. Mike Simmons

Feb 26, 2021

Senate

Filed with Secretary by Sen. Robert Peters

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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