Bill Status of HB 16   104th General Assembly


Short Description:  ESTATE TAX-EXCLUSION AMOUNT

House Sponsors
Rep. Chris Miller

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. 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.

Actions 
DateChamber Action
  12/4/2024HousePrefiled with Clerk by Rep. Chris Miller
  1/9/2025HouseFirst Reading
  1/9/2025HouseReferred to Rules Committee

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