ESTATE TAX-EXCLUSION AMOUNT Senate SponsorsSen. Robert Peters-Mike Simmons, Ram Villivalam and Omar Aquino 1/10/2023SenateSession Sine Die 35 ILCS 405/2from Ch. 120, par. 405A-2Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that the exclusion amount is $2,000,000 for persons dying on or after January 1, 2022 (currently, $4,000,000). Effective immediately. 2/26/2021SenateFiled with Secretary by Sen. Robert Peters 2/26/2021SenateFirst Reading 2/26/2021SenateReferred to Assignments 4/21/2021SenateAdded as Chief Co-Sponsor Sen. Mike Simmons 5/7/2021SenateAdded as Co-Sponsor Sen. Ram Villivalam 5/17/2021SenateAdded as Co-Sponsor Sen. Omar Aquino 1/10/2023SenateSession Sine Die