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<xml>
<title>Illinois General Assembly - Bill Status for HB 1576         </title>
<shortdesc>ESTATE TAX-EXCLUSION AMT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Adam M. Niemerg, Chris Miller 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. Increases the exclusion amount to $8,000,000 for persons dying on or after January 1, 2024 (currently, $4,000,000). Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/30/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Adam M. Niemerg</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>2/28/2023</statusdate><chamber>House</chamber><action>Assigned 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>3/16/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Chris Miller</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>

