2021-2022 Regular Session • Illinois Legislature
HB5230: ESTATE TAX-EXCLUSION AMT
Legislative Summary
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, 2023 (currently, $4,000,000). Effective immediately.
Bill History
1/27/2022
Filed with the Clerk by Rep. Adam Niemerg
House of Representatives
1/31/2022
First Reading
House of Representatives
1/31/2022
Referred to Rules Committee
House of Representatives
2/9/2022
Assigned to Revenue & Finance Committee
House of Representatives
2/15/2022
To Sales, Amusement, & Other Taxes Subcommittee
House of Representatives
2/18/2022
Rule 19(a) / Re-referred to Rules Committee
House of Representatives
10/6/2022
Added Co-Sponsor Rep. David Friess
House of Representatives
10/7/2022
Added Co-Sponsor Rep. Steven Reick
House of Representatives
10/11/2022
Added Co-Sponsor Rep. Joe Sosnowski
House of Representatives
10/11/2022
Added Co-Sponsor Rep. Dan Caulkins
House of Representatives
10/21/2022
Added Co-Sponsor Rep. Thomas Morrison
House of Representatives
11/1/2022
Added Co-Sponsor Rep. Patrick Windhorst
House of Representatives
11/1/2022
Added Co-Sponsor Rep. Blaine Wilhour
House of Representatives
11/1/2022
Added Co-Sponsor Rep. Brad Halbrook
House of Representatives
11/1/2022
Added Co-Sponsor Rep. Chris Miller
House of Representatives
Status Information
Current Status
Introduced(1/27/2022)
Chamber
House of Representatives
Committee
Rules(House of Representatives)
