Bill Status of HB 820   101st General Assembly

Short Description:  ESTATE TAX-EXCLUSION

House Sponsors
Rep. Mike Murphy and Andrew S. Chesney

Last Action  View All Actions

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, 2020, 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
  1/22/2019HouseFiled with the Clerk by Rep. Mike Murphy
  1/22/2019HouseFirst Reading
  1/22/2019HouseReferred to Rules Committee
  2/5/2019HouseAssigned to Revenue & Finance Committee
  2/14/2019HouseTo Sales, Amusement & Other Taxes Subcommittee
  3/26/2019HouseAdded Co-Sponsor Rep. Andrew S. Chesney
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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