Illinois SB1828 repeals the Illinois estate tax and Illinois generation-skipping transfer tax.
Illinois SB1828 amends the Illinois Estate and Generation-Skipping Transfer Tax Act to repeal the Illinois estate tax and Illinois generation-skipping transfer tax. The bill specifies that no tax will be imposed for persons dying or for transfers made on or after the effective date of the amendatory act. The changes are effective immediately upon becoming law.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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