Bill Status of HB 2594   103rd General Assembly

Short Description:  ESTATE TAX-EXCLUSION AMOUNT

House Sponsors
Rep. Chris Miller

Last Action  View All Actions

DateChamber Action
  1/7/2025HouseSession Sine Die

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. 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 
DateChamber Action
  2/15/2023HouseFiled with the Clerk by Rep. Chris Miller
  2/15/2023HouseFirst Reading
  2/15/2023HouseReferred to Rules Committee
  2/23/2023HouseAssigned to Revenue & Finance Committee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee
  3/12/2024HouseAssigned to Revenue & Finance Committee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee
  1/7/2025HouseSession Sine Die

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