Margaret Croke
- Democratic
- Representative
- District 12
Primary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, the amount of the Illinois estate tax shall be the amount of the Illinois taxable estate, multiplied by the Illinois estate tax rate. Sets forth the estate tax rate. Provides that the "Illinois taxable estate" means the decedent's federal gross estate, subject to certain modifications, including a deduction in the amount of $4,000,000. Makes conforming changes with respect to the generation-skipping transfer tax. Effective immediately.
No votes to display
Motion to Suspend Rule 21 - Prevailed 005-000-000
Motion Filed to Suspend Rule 21 Rules Committee; Rep. Bob Morgan
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Michael J. Coffey, Jr.
Removed Co-Sponsor Rep. Michael J. Coffey, Jr.
Added Co-Sponsor Rep. Eva-Dina Delgado
Added Co-Sponsor Rep. Wayne A. Rosenthal
To Tax Credit and Incentives Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Margaret Croke
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