Bill Status of HB4816

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HB4816 - 104th General Assembly

ESTATE TAX-MANUFACTURING
Last Action
3/27/2026 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Joe C. Sosnowski
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, 2027, the State tax credit shall be calculated as though the decedent's federal taxable estate did not include the decedent's business interest in a manufacturing business located in this State. Defines "manufacturing business". Effective immediately.
Actions
Date Chamber Action
2/03/2026 House Filed with the Clerk by Rep. Joe C. Sosnowski
2/06/2026 House First Reading
2/06/2026 House Referred to Rules Committee
3/18/2026 House Assigned to Revenue & Finance Committee
3/27/2026 House Rule 19(a) / Re-referred to Rules Committee