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IL HB3195

Bill

Official Source

Status

Failed

1/7/2025

Primary Sponsor

Mike Coffey

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

  • Repeals Illinois estate tax for persons dying on or after the effective date of this amendatory act of the 103rd General Assembly.

  • Repeals Illinois generation-skipping transfer tax for transfers occurring on or after the effective date of this amendatory act of the 103rd General Assembly.

  • Maintains existing estate and generation-skipping transfer tax provisions for deaths and transfers occurring before the effective date.

  • Amends 35 ILCS 405 (Illinois Estate and Generation-Skipping Transfer Tax Act) by modifying Sections 2, 3, and 4.

Legislative Description

ESTATE TAX-REPEAL

Last Action

Session Sine Die

1/7/2025

Committee Referrals

Rules3/10/2023
Sales, Amusement & Other Taxes3/9/2023
Revenue & Finance2/28/2023
Rules2/17/2023

Full Bill Text

No bill text available