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<xml>
<title>Illinois General Assembly - Bill Status for HB 4017         </title>
<shortdesc>ESTATE TAX-EXCLUSION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Mike Murphy-Darren Bailey, Steven Reick, Tim Butler, Randy E. Frese and Jay Hoffman</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 405/2</reference><aliasreference>from Ch. 120, par. 405A-2</aliasreference><SynopsisText>     Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2021, 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.</SynopsisText></synopsis>
<actions>
<statusdate>1/6/2020</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Mike Murphy</action>
<statusdate>1/8/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/8/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/27/2020</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Darren Bailey</action>
<statusdate>1/28/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Steven Reick</action>
<statusdate>1/28/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Tim Butler</action>
<statusdate>1/28/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Randy E. Frese</action>
<statusdate>2/25/2020</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/4/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jay Hoffman</action>
<statusdate>3/6/2020</statusdate><chamber>House</chamber><action>To Sales, Amusement &amp; Other Taxes Subcommittee</action>
<statusdate>6/23/2020</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

