Bill Status of HB2993  103rd General Assembly


Short Description:  ESTATE TAX-EXCLUSION AMT

House Sponsors
Rep. Norine K. Hammond and Tony M. McCombie

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 from $4,000,000 to $12,060,000 for persons dying on or after January 1, 2024. Effective immediately.

Actions 
DateChamber Action
  2/16/2023HouseFiled with the Clerk by Rep. Norine K. Hammond
  2/16/2023HouseFirst Reading
  2/16/2023HouseReferred to Rules Committee
  2/28/2023HouseAssigned to Revenue & Finance Committee
  3/9/2023HouseTo Revenue - Tax Credit and Incentives Subcommittee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee
  1/23/2024HouseAdded Co-Sponsor Rep. Tony M. McCombie