HB4816 - 104th General Assembly (2025-2026)

ESTATE TAX-MANUFACTURING
Last Action
2/06/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Joe C. Sosnowski
Statutes Amended In Order of Appearance
35 ILCS 405/2  from 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
DateChamberAction
2/03/2026HouseFiled with the Clerk by Rep. Joe C. Sosnowski
2/06/2026HouseFirst Reading
2/06/2026HouseReferred to Rules Committee