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SPONSORED LEGISLATION
HB4519 - ESTATE TAX-EXCLUSION AMOUNT
Ryan Spain, Tony M. McCombie, Jackie Haas
Last updated 8 months ago
4 Co-Sponsors
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2024 and prior to January 1, 2026, the exclusion amount shall be the applicable exclusion amount calculated under the Internal Revenue Code (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Provides that, for persons dying on or after January 1, 2026, the exclusion amount shall be the greater of (i) the applicable exclusion amount calculated under the Internal Revenue Code or (ii) the exclusion amount amount that would have been calculated under the Internal Revenue Code if the decedent had died in calendar year 2025. Effective immediately.
STATUS
Introduced
HB5006 - PROFESSIONAL REGULATION-FEES
Michael J. Coffey, Ryan Spain
Last updated 8 months ago
2 Co-Sponsors
Amends the Department of Professional Regulation Law of the Civil Administrative Code of Illinois. Provides that notwithstanding any other provision of the Act, or of any licensing act under the purview of the Division of Professional Regulation of the Department of Financial and Professional Regulation, the fee for renewal of a license issued by the Division shall be no higher than necessary to equalize the per annum renewal application fee with the per annum initial license fee at the time of renewal.
STATUS
Introduced
HB5007 - LICENSURE REFORM TASK FORCE
Michael J. Coffey, Ryan Spain
Last updated 8 months ago
2 Co-Sponsors
Amends the Department of Professional Regulation Law of the Civil Administrative Code of Illinois. Creates the Licensure Reform Task Force within the Division of Professional Regulation of the Department of Financial and Professional Regulation to conduct formal hearings about the Division's licensing procedures and to develop and propose policies to reduce the Division's licensing processing. Sets forth the membership of the Task Force. Provides that the members of the Licensure Reform Task Force representing specific industries shall serve for a 2-year period. Provides that the members of the Licensure Reform Task Force shall serve without compensation for the duration of the Task Force. Provides that the Licensure Reform Task Force shall meet quarterly at a time and date it deems appropriate. Provides that the Task Force may conduct formal hearings through online portals. Provides that the Licensure Reform Task Force shall submit a report to the General Assembly and the Governor after every 2 quarterly meetings. Provides that these provisions will be repealed on December 31, 2030.
STATUS
Introduced
HB4691 - INVEST IN KIDS-SUNSET
Tim Ozinga, Dan Ugaste, Joe C. Sosnowski
Last updated 8 months ago
4 Co-Sponsors
Amends the Illinois Income Tax Act and the Invest in Kids Act. Provides that the Invest in Kids credit applies for taxable years ending before January 1, 2035 (currently, January 1, 2024). Effective immediately.
STATUS
Introduced
HB3661 - ESTATE TAX-EXCLUSION AMT
Ryan Spain, Tony M. McCombie, Michael J. Coffey
Last updated over 1 year ago
3 Co-Sponsors
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that a decedent dying on or after January 1, 2024 may, in a written revocable testamentary document, allocate all or a portion of the decedent's unused exclusion amount, including any deceased spousal unused exclusion amount that is available to the decedent, to one or more children of the decedent. Provides that, if such an allocation is made, the amount so allocated shall not be available to the decedent's surviving spouse as a deceased spousal unused exclusion amount. Effective immediately.
STATUS
Introduced
HB1582 - ESTATE TAX-REPEAL
Ryan Spain, Norine K. Hammond, Tony M. McCombie
Last updated over 1 year ago
26 Co-Sponsors
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that no tax shall be imposed under the Act for persons dying on or after the effective date of the amendatory Act or for transfers made on or after the effective date of the amendatory Act. Effective immediately.
STATUS
Introduced
HB4354 - PROP TX-EXTENSIONS
Tom Weber, Kevin Schmidt, Adam M. Niemerg
Last updated 9 months ago
27 Co-Sponsors
Amends the Property Tax Code. Provides that, beginning in taxable year 2024, no taxing district, other than a home rule unit, may levy a tax on any parcel of real property that is more than 105% of the base amount unless (i) the increase is attributable to substantial improvements to the property, (ii) the taxing district did not levy a tax against the property in the previous taxable year, or (iii) the increase is attributable to a special service area. Provides that "base amount" means the tax levied by the taxing district on the subject property in the immediately preceding taxable year, except that, if the property received a homestead exemption in the immediately preceding taxable year and is not eligible for that exemption in the current taxable year, then the base amount shall be the tax that would have been levied by the taxing district on the subject property in the immediately preceding taxable year if the homestead exemption had not been applied. Provides that a taxing district may elect to be exempt from those provisions for one or more taxable years if the exemption is approved by referendum. Effective immediately.
STATUS
Introduced
HB1576 - ESTATE TAX-EXCLUSION AMT
Adam M. Niemerg, Chris Miller, Michael J. Coffey
Last updated over 1 year ago
3 Co-Sponsors
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.
STATUS
Introduced
HB1459 - ESTATE TAX-EXCLUSION AMOUNT
Tony M. McCombie, Amy Elik, Steven Reick
Last updated over 1 year ago
11 Co-Sponsors
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.
STATUS
Introduced
HB4716 - PROP TX-ASSESSMENT LIMIT
Tom Weber, Adam M. Niemerg, Patrick Sheehan
Last updated 8 months ago
28 Co-Sponsors
Amends the Property Tax Code. Provides that, in all counties, any change in assessment resulting from reassessment in the general assessment year shall not exceed the lesser of the following: (1) 3% of the assessed value of the property for the prior year; or (2) the percentage change in the Consumer Price Index during the 12-month calendar year preceding the assessment year. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.
STATUS
Introduced
BIOGRAPHY
INCUMBENT
Representative from Illinois district HD-095
COMMITTEES
Illinois House
BIRTH
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ABOUT
Michael J. Coffey is a Social Studies teacher at South Brunswick High School in Monmouth Junction, New Jersey. He was a councilman on the South Brunswick Township Council from 2006 to 2010. Coffey earned his BA in History and Education at The College of New Jersey in 2003. He later received his MA in American History from Rutgers University in 2009. Coffey coaches girls basketball and softball at South Brunswick High School. He lives with his wife and three children in Monmouth Junction.read less
OFFICES HELD
Illinois House from Illinois
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