Illinois General Assembly - Bill Status for HB2865

Synopsis As Introduced
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that the amount of the taxes imposed under the Act shall be reduced in each year by 20%. Provides that no tax shall be imposed under the Act for persons dying on or after January 1, 2030 or for transfers occurring on or after January 1, 2030. Provides that the Act is repealed on January 1, 2031. Effective immediately.

Actions

Date	Chamber	Action
2/5/2025	House	Filed with the Clerk by Rep. Joe C. Sosnowski
2/6/2025	House	First Reading
2/6/2025	House	Referred to Rules Committee
3/4/2025	House	Assigned to Revenue & Finance Committee
3/6/2025	House	To Tax Policy: Other Taxes Subcommittee
3/6/2025	House	Added Co-Sponsor Rep. Michael J. Coffey, Jr.
3/20/2025	House	Added Co-Sponsor Rep. Charles Meier
3/21/2025	House	Rule 19(a) / Re-referred to Rules Committee

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