HB0012 - 104th General Assembly (2025-2026)
ESTATE TX-EXCLUSION AMOUNT
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $6,000,000 for persons dying on or after January 1, 2026. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 12/04/2024 | House | Prefiled with Clerk by Rep. Dave Severin |
| 1/09/2025 | House | First Reading |
| 1/09/2025 | House | Referred to Rules Committee |
| 1/15/2025 | House | Added Co-Sponsor Rep. Tony M. McCombie |
| 2/04/2025 | House | Assigned to Revenue & Finance Committee |
| 2/07/2025 | House | Added Co-Sponsor Rep. Jay Hoffman |
| 2/25/2025 | House | To Tax Policy: Other Taxes Subcommittee |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |