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HB1457 - 104th General Assembly
ESTATE TAX-EXCLUSION AMT
Last Action
House Sponsors
Rep. Norine K. Hammond, Tony M. McCombie, Michael J. Coffey, Jr., Bradley Fritts, Jackie Haas, Christopher "C.D." Davidsmeyer and Brandun SchweizerStatutes 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
| Date | Chamber | Action |
|---|---|---|
| 1/21/2025 | House | Filed with the Clerk by Rep. Norine K. Hammond |
| 1/23/2025 | House | Added Co-Sponsor Rep. Tony M. McCombie |
| 1/28/2025 | House | First Reading |
| 1/28/2025 | House | Referred to Rules Committee |
| 2/05/2025 | House | Added Co-Sponsor Rep. Michael J. Coffey, Jr. |
| 2/18/2025 | House | Assigned to Revenue & Finance Committee |
| 3/03/2025 | House | To Tax Policy: Other Taxes Subcommittee |
| 3/05/2025 | House | Added Co-Sponsor Rep. Bradley Fritts |
| 3/05/2025 | House | Added Co-Sponsor Rep. Jackie Haas |
| 3/05/2025 | House | Added Co-Sponsor Rep. Christopher "C.D." Davidsmeyer |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |
| 7/15/2025 | House | Added Co-Sponsor Rep. Brandun Schweizer |