<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 2993         </title>
<shortdesc>ESTATE TAX-EXCLUSION AMT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Norine K. Hammond, Tony M. McCombie 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 from $4,000,000 to $12,060,000 for persons dying on or after January 1, 2024. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/16/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Norine K. Hammond</action>
<statusdate>2/16/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/16/2023</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 - Tax Credit and Incentives Subcommittee</action>
<statusdate>3/10/2023</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/23/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Tony M. McCombie</action>
<statusdate>3/18/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael J. Coffey, Jr.</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

