SB 2581

  • Illinois Senate Bill
  • 103rd 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, 2024, 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 (10)

Votes


No votes to display

Actions


Feb 16, 2024

Senate

Added as Co-Sponsor Sen. Dave Syverson

Nov 02, 2023

Senate

Added as Co-Sponsor Sen. Michael W. Halpin

Oct 11, 2023

Senate

Added as Co-Sponsor Sen. Sara Feigenholtz

Oct 02, 2023

Senate

Added as Co-Sponsor Sen. Sally J. Turner

Sep 20, 2023

Senate

Added as Co-Sponsor Sen. Jason Plummer

Sep 13, 2023

Senate

Added as Chief Co-Sponsor Sen. Doris Turner

Sep 08, 2023

Senate

Added as Chief Co-Sponsor Sen. Tom Bennett

Sep 07, 2023

Senate

Added as Chief Co-Sponsor Sen. Paul Faraci

Sep 05, 2023

Senate

Added as Chief Co-Sponsor Sen. Jil Tracy

May 11, 2023

Senate

Filed with Secretary by Sen. David Koehler

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.