SB2630 - ESTATE TAX-EXCLUSION AMOUNT
Illinois - 103rd General Assembly
Introduced byJil Walker Tracy, Thomas M. Bennett, Neil Anderson
Last updated 11 months ago
12 Co-Sponsors
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2025, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code as that Section exists on the effective date of the amendatory Act, including the inflation adjustment and including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.
STATUS
Introduced
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