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<xml>
<title>Illinois General Assembly - Bill Status for HB 1459         </title>
<shortdesc>ESTATE TAX-EXCLUSION AMOUNT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Tony M. McCombie, Amy Elik, Steven Reick, David Friess, Travis Weaver, Dan Ugaste, Brandun Schweizer, Kevin Schmidt, Wayne A Rosenthal, Jackie Haas and Michael J. Coffey, Jr.</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</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, 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.</SynopsisText></synopsis>
<actions>
<statusdate>1/26/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Tony M. McCombie</action>
<statusdate>1/31/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/31/2023</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/23/2023</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/1/2023</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Tony M. McCombie</action>
<statusdate>3/1/2023</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/7/2023</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/9/2023</statusdate><chamber>House</chamber><action>To Revenue - Sales, Amusement and Other Taxes Subcommittee</action>
<statusdate>3/10/2023</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/10/2023</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee</action>
<statusdate>3/16/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Amy Elik</action>
<statusdate>3/16/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Steven Reick</action>
<statusdate>3/16/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. David Friess</action>
<statusdate>3/21/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Travis Weaver</action>
<statusdate>9/6/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Dan Ugaste</action>
<statusdate>2/2/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Brandun Schweizer</action>
<statusdate>2/2/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kevin Schmidt</action>
<statusdate>2/7/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Wayne A Rosenthal</action>
<statusdate>2/20/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jackie Haas</action>
<statusdate>3/5/2024</statusdate><chamber>House</chamber><action>Referred to Revenue &amp; Finance Committee</action>
<statusdate>3/8/2024</statusdate><chamber>House</chamber><action>To Revenue - Sales, Amusement and Other Taxes Subcommittee</action>
<statusdate>3/18/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael J. Coffey, Jr.</action>
<statusdate>4/5/2024</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

