ESTATE TAX-EXCLUSION AMOUNT

What it does

The legislature's own summary of the bill, or its official long title.

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.

Every action

13 steps, oldest first, as the legislature records them.

1. Sep 8, 2023SenateAdded as Chief Co-Sponsor Sen. Tom Bennett
2. Sep 13, 2023SenateAdded as Chief Co-Sponsor Sen. Doris Turner
3. Sep 20, 2023SenateAdded as Co-Sponsor Sen. Jason Plummer
4. Oct 2, 2023SenateAdded as Co-Sponsor Sen. Sally J. Turner
5. Oct 11, 2023SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
6. Nov 2, 2023SenateAdded as Co-Sponsor Sen. Michael W. Halpin
7. Feb 16, 2024SenateAdded as Co-Sponsor Sen. Dave Syverson
8. Jan 7, 2025SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 9 cosponsors: 5 Republicans, 4 Democrats.

• David KoehlerD Primary sponsor · District 46