Bill Status of HB 4602   99th General Assembly


Short Description:  ESTATE TAX-EXCLUSION

House Sponsors
Rep. Thomas M. Bennett

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession 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, 2017, 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
  1/28/2016HouseFiled with the Clerk by Rep. Thomas M. Bennett
  1/28/2016HouseFirst Reading
  1/28/2016HouseReferred to Rules Committee
  1/10/2017HouseSession Sine Die

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