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IL HB1921
Bill
Status
Introduced
2/16/2021
Primary Sponsor
Ryan Spain
Click for details
AI Summary
- Repeals Illinois estate tax for persons dying on or after the effective date of the amendatory act.
- Repeals Illinois generation-skipping transfer tax for transfers occurring on or after the effective date of the amendatory act.
- Maintains existing tax obligations for persons dying or transfers made prior to the effective date of this amendatory act.
- Takes effect immediately upon becoming law.
Legislative Description
ESTATE TAX-REPEAL
Last Action
Added Co-Sponsor Rep. Mark Luft
2/10/2022
Committee Referrals
Rules3/27/2021
Sales, Amusement & Other Taxes3/18/2021
Revenue & Finance3/9/2021
Rules2/17/2021
Full Bill Text
No bill text available