HB 2865

  • Illinois House Bill
  • 104th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Estate Tax-Phase Out

Abstract

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that the amount of the taxes imposed under the Act shall be reduced in each year by 20%. Provides that no tax shall be imposed under the Act for persons dying on or after January 1, 2030 or for transfers occurring on or after January 1, 2030. Provides that the Act is repealed on January 1, 2031. Effective immediately.

Bill Sponsors (3)

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Actions


Mar 21, 2025

House

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

Mar 20, 2025

House

Added Co-Sponsor Rep. Charles Meier

Mar 06, 2025

House

To Tax Policy: Other Taxes Subcommittee

House

Added Co-Sponsor Rep. Michael J. Coffey, Jr.

Mar 04, 2025

House

Assigned to Revenue & Finance Committee

Feb 06, 2025

House

First Reading

House

Referred to Rules Committee

Feb 05, 2025

House

Filed with the Clerk by Rep. Joe C. Sosnowski

Bill Text

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Sources

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