Illinois General Assembly - Bill Status for HB4258
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 Bill Status of HB4258  103rd General Assembly


Short Description:  ESTATE TAX-EXCLUSION

House Sponsors
Rep. Avery Bourne

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 405/2from Ch. 120, par. 405A-2


Synopsis As Introduced
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2019, 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.

Actions 
DateChamber Action
  1/16/2018HouseFiled with the Clerk by Rep. Avery Bourne
  1/16/2018HouseFirst Reading
  1/16/2018HouseReferred to Rules Committee
  1/8/2019HouseSession Sine Die

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