Bill Status of HB2489  100th General Assembly

Short Description:  ESTATE TAX-EXCLUSION

House Sponsors
Rep. Thomas M. Bennett - Jerry Lee Long

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, 2018, 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
  2/7/2017HouseFiled with the Clerk by Rep. Thomas M. Bennett
  2/8/2017HouseFirst Reading
  2/8/2017HouseReferred to Rules Committee
  2/16/2017HouseAdded Chief Co-Sponsor Rep. Jerry Lee Long
  2/22/2017HouseAssigned to Revenue & Finance Committee
  3/9/2017HouseTo Sales and Other Taxes Subcommittee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die