HB1733 - 104th General Assembly (2025-2026)
ESTATE TAX INFLATION FIX
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
Synopsis As Introduced
Specifies that the amendatory Act may be referred to as the Estate Tax Threshold Fix Law. Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026 and prior to January 1, 2028, the exclusion amount shall be the applicable exclusion amount calculated under the Internal Revenue Code (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Provides that, for persons dying on or after January 1, 2026, the exclusion amount shall be the greater of (i) the applicable exclusion amount calculated under the Internal Revenue Code or (ii) the exclusion amount amount that would have been calculated under the Internal Revenue Code if the decedent had died in calendar year 2027. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/24/2025 | House | Filed with the Clerk by Rep. Ryan Spain |
| 1/28/2025 | House | First Reading |
| 1/28/2025 | House | Referred to Rules Committee |
| 2/18/2025 | House | Assigned to Revenue & Finance Committee |
| 3/03/2025 | House | To Tax Policy: Income Tax Subcommittee |
| 3/05/2025 | House | Added Co-Sponsor Rep. Jackie Haas |
| 3/05/2025 | House | Added Co-Sponsor Rep. Norine K. Hammond |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |
| 5/20/2025 | House | Motion Filed to Suspend Rule 21 Rules Committee; Rep. Bob Morgan |
| 5/20/2025 | House | Motion to Suspend Rule 21 - Prevailed 005-000-000 |
| 7/15/2025 | House | Added Co-Sponsor Rep. Brandun Schweizer |
| 1/06/2026 | House | Added Co-Sponsor Rep. Kyle Moore |