Illinois General Assembly - Bill Status for HB3427
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 Bill Status of HB3427  102nd General Assembly


Short Description:  ESTATE TAX-EXCLUSION AMOUNT

House Sponsors
Rep. Will Guzzardi, Kelly M. Cassidy and Delia C. Ramirez

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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 the exclusion amount is $2,000,000 for persons dying on or after January 1, 2022 (currently, $4,000,000). Effective immediately.

Actions 
DateChamber Action
  2/19/2021HouseFiled with the Clerk by Rep. Will Guzzardi
  2/22/2021HouseFirst Reading
  2/22/2021HouseReferred to Rules Committee
  3/16/2021HouseAssigned to Revenue & Finance Committee
  3/25/2021HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee
  5/7/2021HouseAdded Co-Sponsor Rep. Delia C. Ramirez

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