Bill Status of HB 5230   102nd General Assembly

Short Description:  ESTATE TAX-EXCLUSION AMT

House Sponsors
Rep. Adam Niemerg, David Friess, Steven Reick, Joe Sosnowski, Dan Caulkins, Thomas Morrison, Patrick Windhorst, Blaine Wilhour, Brad Halbrook and Chris Miller

Last Action  View All Actions

DateChamber Action
  1/10/2023HouseSession 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. Increases the exclusion amount to $8,000,000 for persons dying on or after January 1, 2023 (currently, $4,000,000). Effective immediately.

Actions 
DateChamber Action
  1/27/2022HouseFiled with the Clerk by Rep. Adam Niemerg
  1/31/2022HouseFirst Reading
  1/31/2022HouseReferred to Rules Committee
  2/9/2022HouseAssigned to Revenue & Finance Committee
  2/15/2022HouseTo Sales, Amusement, & Other Taxes Subcommittee
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee
  10/6/2022HouseAdded Co-Sponsor Rep. David Friess
  10/7/2022HouseAdded Co-Sponsor Rep. Steven Reick
  10/11/2022HouseAdded Co-Sponsor Rep. Joe Sosnowski
  10/11/2022HouseAdded Co-Sponsor Rep. Dan Caulkins
  10/21/2022HouseAdded Co-Sponsor Rep. Thomas Morrison
  11/1/2022HouseAdded Co-Sponsor Rep. Patrick Windhorst
  11/1/2022HouseAdded Co-Sponsor Rep. Blaine Wilhour
  11/1/2022HouseAdded Co-Sponsor Rep. Brad Halbrook
  11/1/2022HouseAdded Co-Sponsor Rep. Chris Miller
  1/10/2023HouseSession Sine Die

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