HB 16

  • Illinois House Bill
  • 104th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Estate Tax-Exclusion Amount

Abstract

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.

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Actions


Mar 21, 2025

House

Rule 19(a) / Re-referred to Rules Committee

Feb 25, 2025

House

To Income Tax Subcommittee

Feb 04, 2025

House

Assigned to Revenue & Finance Committee

Jan 09, 2025

House

First Reading

House

Referred to Rules Committee

Dec 04, 2024

House

Prefiled with Clerk by Rep. Chris Miller

Bill Text

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