Bill Status of SB1533  103rd General Assembly

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Short Description:  ESTATE TAX-EXCLUSION AMOUNT

Senate Sponsors
Sen. Tom Bennett

Last Action

Date	Chamber	Action
3/10/2023	Senate	Rule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance

35 ILCS 405/2

from 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 

Date	Chamber	Action
2/8/2023	Senate	Filed with Secretary by Sen. Tom Bennett
2/8/2023	Senate	First Reading
2/8/2023	Senate	Referred to Assignments
2/14/2023	Senate	Assigned to Revenue
3/10/2023	Senate	Rule 3-9(a) / Re-referred to Assignments