Bill Status of HB 1459   103rd General Assembly

Short Description:  ESTATE TAX-EXCLUSION AMOUNT

House Sponsors
Rep. Tony M. McCombie, Amy Elik, Steven Reick, David Friess, Travis Weaver, Dan Ugaste, Brandun Schweizer, Kevin Schmidt, Wayne A Rosenthal, Jackie Haas and Michael J. Coffey, Jr.

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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, 2024, 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
  1/26/2023HouseFiled with the Clerk by Rep. Tony M. McCombie
  1/31/2023HouseFirst Reading
  1/31/2023HouseReferred to Rules Committee
  2/23/2023HouseAssigned to Revenue & Finance Committee
  3/1/2023HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Tony M. McCombie
  3/1/2023HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/7/2023HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/9/2023HouseTo Revenue - Sales, Amusement and Other Taxes Subcommittee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee
  3/10/2023HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  3/16/2023HouseAdded Co-Sponsor Rep. Amy Elik
  3/16/2023HouseAdded Co-Sponsor Rep. Steven Reick
  3/16/2023HouseAdded Co-Sponsor Rep. David Friess
  3/21/2023HouseAdded Co-Sponsor Rep. Travis Weaver
  9/6/2023HouseAdded Co-Sponsor Rep. Dan Ugaste
  2/2/2024HouseAdded Co-Sponsor Rep. Brandun Schweizer
  2/2/2024HouseAdded Co-Sponsor Rep. Kevin Schmidt
  2/7/2024HouseAdded Co-Sponsor Rep. Wayne A Rosenthal
  2/20/2024HouseAdded Co-Sponsor Rep. Jackie Haas
  3/5/2024HouseReferred to Revenue & Finance Committee
  3/8/2024HouseTo Revenue - Sales, Amusement and Other Taxes Subcommittee
  3/18/2024HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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