Bill Status of HB 1457   104th General Assembly


Short Description:  ESTATE TAX-EXCLUSION AMT

House Sponsors
Rep. Norine K. Hammond and Tony M. McCombie

Last Action  View All Actions

DateChamber Action
  1/28/2025HouseReferred 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 $12,060,000 for persons dying on or after January 1, 2026. Effective immediately.

Actions 
DateChamber Action
  1/21/2025HouseFiled with the Clerk by Rep. Norine K. Hammond
  1/23/2025HouseAdded Co-Sponsor Rep. Tony M. McCombie
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee

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