Bill Status of HB 2601   104th General Assembly


Short Description:  ESTATE TAX-EXCLUSION AMT

House Sponsors
Rep. Adam M. Niemerg

Last Action  View All Actions

DateChamber Action
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 405/2from Ch. 120, par. 405A-2

Synopsis As Introduced
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount to $8,000,000 for persons dying on or after January 1, 2026 (currently, $4,000,000). Effective immediately.

Actions 
DateChamber Action
  2/4/2025HouseFiled with the Clerk by Rep. Adam M. Niemerg
  2/6/2025HouseFirst Reading
  2/6/2025HouseReferred to Rules Committee
  3/4/2025HouseAssigned to Revenue & Finance Committee
  3/6/2025HouseTo Tax Policy: Other Taxes Subcommittee
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

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