Illinois General Assembly - Bill Status for HB1457
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 Bill Status of HB1457  104th General Assembly

Short Description:  ESTATE TAX-EXCLUSION AMT

House Sponsors
Rep. Norine K. Hammond, Tony M. McCombie, Michael J. Coffey, Jr., Bradley Fritts, Jackie Haas and Christopher "C.D." Davidsmeyer

Last Action
DateChamber Action
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

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 $12,060,000 for persons dying on or after January 1, 2026. Effective immediately.

Actions 
DateChamber Action
  1/21/2025HouseFiled with the Clerk by Rep. Norine K. Hammond
  1/23/2025HouseAdded Co-Sponsor Rep. Tony M. McCombie
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee
  2/5/2025HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.
  2/18/2025HouseAssigned to Revenue & Finance Committee
  3/3/2025HouseTo Tax Policy: Other Taxes Subcommittee
  3/5/2025HouseAdded Co-Sponsor Rep. Bradley Fritts
  3/5/2025HouseAdded Co-Sponsor Rep. Jackie Haas
  3/5/2025HouseAdded Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

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