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<xml>
<title>Illinois General Assembly - Bill Status for HB 238          </title>
<shortdesc>ESTATE TAX-EXCLUSION AMOUNT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Thomas M. Bennett and Andrew S. Chesney</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 405/2</reference><aliasreference>from Ch. 120, par. 405A-2</aliasreference><SynopsisText>     Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2020, 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.</SynopsisText></synopsis>
<actions>
<statusdate>1/7/2019</statusdate><chamber>House</chamber><action>Prefiled with Clerk by Rep. Thomas M. Bennett</action>
<statusdate>1/9/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/9/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/29/2019</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/7/2019</statusdate><chamber>House</chamber><action>To Sales, Amusement &amp; Other Taxes Subcommittee</action>
<statusdate>3/26/2019</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Andrew S. Chesney</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

