Dave Vella
- Democratic
- Representative
- District 68
Primary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2024, the exclusion amount is the greater of $12,900,000 or the applicable exclusion amount calculated under specified provisions of the Internal Revenue Code. Provides that the exclusion amount includes any deceased spousal unused exclusion amount available after a valid election is made under the Internal Revenue Code. Effective immediately.
No votes to display
Rule 19(a) / Re-referred to Rules Committee
To Revenue-Income Tax Subcommittee
Assigned to Revenue & Finance Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Dave Vella
| Bill Text Versions | Format |
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| Introduced | HTML PDF |
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| No related documents. |
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