IL HB0016 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 9 2025 - 25% progression, died in committee
Action: 2025-03-21 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 9 2025 - 25% progression, died in committee
Action: 2025-03-21 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, 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.
Title
ESTATE TAX-EXCLUSION AMOUNT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-03-21 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2025-02-25 | House | To Income Tax Subcommittee |
| 2025-02-04 | House | Assigned to Revenue & Finance Committee |
| 2025-01-09 | House | Referred to Rules Committee |
| 2025-01-09 | House | First Reading |
| 2024-12-04 | House | Prefiled with Clerk by Rep. Chris Miller |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 405 | 2 | Amended Code | Citation Text |
