HB5525 - 104th General Assembly (2025-2026)

ESTATE TAX-EXCLUSION AMOUNT
Last Action
2/13/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Dave Severin
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 exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code, including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.
Actions
DateChamberAction
2/06/2026HouseFiled with the Clerk by Rep. Dave Severin
2/13/2026HouseFirst Reading
2/13/2026HouseReferred to Rules Committee