Bill Status of SB 2125   102nd General Assembly

Short Description:  ESTATE TAX-EXCLUSION AMOUNT

Senate Sponsors
Sen. Robert Peters-Mike Simmons, Ram Villivalam and Omar Aquino

Last Action  View All Actions

DateChamber Action
  1/10/2023SenateSession 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 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
  2/26/2021SenateFiled with Secretary by Sen. Robert Peters
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  4/21/2021SenateAdded as Chief Co-Sponsor Sen. Mike Simmons
  5/7/2021SenateAdded as Co-Sponsor Sen. Ram Villivalam
  5/17/2021SenateAdded as Co-Sponsor Sen. Omar Aquino
  1/10/2023SenateSession Sine Die

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