Loading chat...
IL SB1727
Bill
AI Summary
-
Eliminates Illinois estate tax for persons dying on or after July 1, 2019.
-
Eliminates Illinois generation-skipping transfer tax for transfers occurring on or after July 1, 2019.
-
Modifies the definition of "state tax credit" to add the date phrase "and prior to July 1, 2019" to limit its application to deaths before the effective repeal date.
-
Effective immediately upon becoming law.
Legislative Description
ESTATE TAX-REPEAL
Last Action
Session Sine Die
1/13/2021
Committee Referrals
Assignments3/22/2019
Tax Exemptions and Credits3/6/2019
Revenue2/27/2019
Assignments2/15/2019
Full Bill Text
No bill text available