Illinois General Assembly - Bill Status for HB4348
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 Bill Status of HB4348  101st General Assembly


Short Description:  ESTATE TAX-EXCLUSION AMOUNT

House Sponsors
Rep. Thomas M. Bennett - Darren Bailey

Last Action
DateChamber Action
  1/13/2021HouseSession 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, 2021, 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
  1/29/2020HouseFiled with the Clerk by Rep. Thomas M. Bennett
  1/29/2020HouseFirst Reading
  1/29/2020HouseReferred to Rules Committee
  2/4/2020HouseAdded Chief Co-Sponsor Rep. Darren Bailey
  1/13/2021HouseSession Sine Die

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