HB1457 - 104th General Assembly (2025-2026)
ESTATE TAX-EXCLUSION AMT
Last Action
03/21/2025 - 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 $12,060,000 for persons dying on or after January 1, 2026. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 01/21/2025 | House | Filed with the Clerk by Rep. Norine K. Hammond |
| 01/23/2025 | House | Added Co-Sponsor Rep. Tony M. McCombie |
| 01/28/2025 | House | First Reading |
| 01/28/2025 | House | Referred to Rules Committee |
| 02/05/2025 | House | Added Co-Sponsor Rep. Michael J. Coffey, Jr. |
| 02/18/2025 | House | Assigned to Revenue & Finance Committee |
| 03/03/2025 | House | To Tax Policy: Other Taxes Subcommittee |
| 03/05/2025 | House | Added Co-Sponsor Rep. Bradley Fritts |
| 03/05/2025 | House | Added Co-Sponsor Rep. Jackie Haas |
| 03/05/2025 | House | Added Co-Sponsor Rep. Christopher "C.D." Davidsmeyer |
| 03/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |
| 07/15/2025 | House | Added Co-Sponsor Rep. Brandun Schweizer |