Bill Status of HB 12   104th General Assembly

Short Description:  ESTATE TX-EXCLUSION AMOUNT

House Sponsors
Rep. Dave Severin and Tony M. McCombie

Last Action  View All Actions

DateChamber Action
  1/9/2025HouseReferred 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 from $4,000,000 to $6,000,000 for persons dying on or after January 1, 2026. Effective immediately.

Actions 
DateChamber Action
  12/4/2024HousePrefiled with Clerk by Rep. Dave Severin
  1/9/2025HouseFirst Reading
  1/9/2025HouseReferred to Rules Committee
  1/15/2025HouseAdded Co-Sponsor Rep. Tony M. McCombie

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