HB1459ham001 103RD GENERAL ASSEMBLY

Rep. Tony M. McCombie

Filed: 3/1/2023

10300HB1459ham001 LRB103 05807 HLH 57738 a

AMENDMENT TO HOUSE BILL 1459

AMENDMENT NO. ______. Amend House Bill 1459 on page 3, by replacing lines 20 through 25 with the following:

"and prior to January 1, 2024, (iv) for persons dying on or after January 1, 2024 and prior to January 1, 2026, the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code, including any deceased spousal unused exclusion amount available after a valid election is made under subparagraph (A) of paragraph (5) of subsection (c) of that Section, and (v) for persons dying on or after January 1, 2026, the greater of (1) the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code, including any deceased spousal unused exclusion amount available after a valid election is made under subparagraph (A) of paragraph (5) of subsection (c) of that Section, or (2) the amount that would have been calculated under Section 2010 of the Internal Revenue Code, including any deceased spousal unused exclusion amount available after a valid election is made under subparagraph (A) of paragraph (5) of subsection (c) of that Section, if the decedent had died in calendar year 2025, and".