Bill Status of SB 2630   103rd General Assembly

Short Description:  ESTATE TAX-EXCLUSION AMOUNT

Senate Sponsors
Sen. Jil Tracy-Tom Bennett, Neil Anderson, Dave Syverson, Sally J. Turner, Donald P. DeWitte, Win Stoller, John F. Curran, Seth Lewis, Sue Rezin-Jason Plummer and Erica Harriss

Last Action  View All Actions

DateChamber Action
  1/7/2025SenateSession 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, 2025, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code as that Section exists on the effective date of the amendatory Act, including the inflation adjustment and 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
  10/26/2023SenateFiled with Secretary by Sen. Jil Tracy
  10/26/2023SenateFirst Reading
  10/26/2023SenateReferred to Assignments
  1/17/2024SenateAdded as Chief Co-Sponsor Sen. Tom Bennett
  1/29/2024SenateAdded as Co-Sponsor Sen. Neil Anderson
  1/30/2024SenateAdded as Co-Sponsor Sen. Dave Syverson
  1/30/2024SenateAdded as Co-Sponsor Sen. Sally J. Turner
  2/5/2024SenateAdded as Co-Sponsor Sen. Donald P. DeWitte
  2/6/2024SenateAdded as Co-Sponsor Sen. Win Stoller
  2/6/2024SenateAdded as Co-Sponsor Sen. John F. Curran
  2/7/2024SenateAdded as Co-Sponsor Sen. Seth Lewis
  2/9/2024SenateAdded as Co-Sponsor Sen. Sue Rezin
  2/20/2024SenateAdded as Chief Co-Sponsor Sen. Jason Plummer
  2/28/2024SenateAdded as Co-Sponsor Sen. Erica Harriss
  1/7/2025SenateSession Sine Die

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