Illinois General Assembly - Bill Status for HB4330

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Bill Status of HB4330 102nd General Assembly

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Short Description: ESTATE TAX-EXCLUSION AMOUNT

House Sponsors
Rep. Thomas M. Bennett

Last Action

Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 405/2

from 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, 2023, 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

Date	Chamber	Action
1/3/2022	House	Filed with the Clerk by Rep. Thomas M. Bennett
1/5/2022	House	First Reading
1/5/2022	House	Referred to Rules Committee
2/9/2022	House	Assigned to Revenue & Finance Committee
2/15/2022	House	To Sales, Amusement, & Other Taxes Subcommittee
2/18/2022	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2023	House	Session Sine Die

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