Bill Status of HB0012

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HB0012 - 104th General Assembly

ESTATE TX-EXCLUSION AMOUNT
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Dave Severin, Tony M. McCombie and Jay Hoffman
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 $6,000,000 for persons dying on or after January 1, 2026. Effective immediately.
Actions
Date Chamber Action
12/04/2024 House Prefiled with Clerk by Rep. Dave Severin
1/09/2025 House First Reading
1/09/2025 House Referred to Rules Committee
1/15/2025 House Added Co-Sponsor Rep. Tony M. McCombie
2/04/2025 House Assigned to Revenue & Finance Committee
2/07/2025 House Added Co-Sponsor Rep. Jay Hoffman
2/25/2025 House To Tax Policy: Other Taxes Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee