Illinois General Assembly - Bill Status for HB1576
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 Bill Status of HB1576  103rd General Assembly


Short Description:  ESTATE TAX-EXCLUSION AMT

House Sponsors
Rep. Adam M. Niemerg and Chris Miller

Last Action
DateChamber Action
  3/10/2023HouseRule 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. Increases the exclusion amount to $8,000,000 for persons dying on or after January 1, 2024 (currently, $4,000,000). Effective immediately.

Actions 
DateChamber Action
  1/30/2023HouseFiled with the Clerk by Rep. Adam M. Niemerg
  1/31/2023HouseFirst Reading
  1/31/2023HouseReferred to Rules Committee
  2/28/2023HouseAssigned to Revenue & Finance Committee
  3/9/2023HouseTo Revenue - Sales, Amusement and Other Taxes Subcommittee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee
  3/16/2023HouseAdded Co-Sponsor Rep. Chris Miller

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