Bill Status of HB 4017   101st General Assembly

Short Description:  ESTATE TAX-EXCLUSION

House Sponsors
Rep. Mike Murphy-Darren Bailey, Steven Reick, Tim Butler, Randy E. Frese and Jay Hoffman

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, 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
  1/6/2020HouseFiled with the Clerk by Rep. Mike Murphy
  1/8/2020HouseFirst Reading
  1/8/2020HouseReferred to Rules Committee
  1/27/2020HouseAdded Chief Co-Sponsor Rep. Darren Bailey
  1/28/2020HouseAdded Co-Sponsor Rep. Steven Reick
  1/28/2020HouseAdded Co-Sponsor Rep. Tim Butler
  1/28/2020HouseAdded Co-Sponsor Rep. Randy E. Frese
  2/25/2020HouseAssigned to Revenue & Finance Committee
  3/4/2020HouseAdded Co-Sponsor Rep. Jay Hoffman
  3/6/2020HouseTo Sales, Amusement & Other Taxes Subcommittee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

Back To Top