Illinois · House Bill 4600 · 103rd General Assembly

ESTATE TAX-SPECIAL USE

HB 4600 Sponsored by Sharon Chung Died in committee

  1. Introduced Jan 29, 2024
  2. In committee Jan 31, 2024
  3. Died  
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in…

Read the full title (155 words)

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir" to provide that a decedent's brother, sister, uncle, aunt, niece, nephew, or first cousin is also included.

Every action

33 steps, oldest first, as the legislature records them.

Show the 25 earlier steps
  1. HouseFiled with the Clerk by Rep. Sharon Chung
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. HouseAdded Co-Sponsor Rep. Kevin Schmidt
  5. HouseAdded Chief Co-Sponsor Rep. Jay Hoffman
  6. HouseAdded Chief Co-Sponsor Rep. Norine K. Hammond
  7. HouseAdded Chief Co-Sponsor Rep. Maurice A. West, II
  8. HouseAdded Chief Co-Sponsor Rep. Harry Benton
  9. HouseAdded Co-Sponsor Rep. Charles Meier
  10. HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  11. HouseAdded Co-Sponsor Rep. Joyce Mason
  12. HouseAdded Co-Sponsor Rep. Jason Bunting
  13. HouseAdded Co-Sponsor Rep. Anthony DeLuca
  14. HouseAdded Co-Sponsor Rep. Matt Hanson
  15. HouseAdded Co-Sponsor Rep. Katie Stuart
  16. HouseAdded Co-Sponsor Rep. Gregg Johnson
  17. HouseAdded Co-Sponsor Rep. Dave Severin
  18. HouseAdded Co-Sponsor Rep. Dave Vella
  19. HouseAdded Co-Sponsor Rep. Barbara Hernández
  20. HouseAdded Co-Sponsor Rep. Michelle Mussman
  21. HouseAdded Co-Sponsor Rep. Amy Elik
  22. HouseAdded Co-Sponsor Rep. Patrick Windhorst
  23. CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
  24. HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.
  25. HouseAdded Co-Sponsor Rep. Angelica Guerrero-Cuellar
  1. HouseAdded Co-Sponsor Rep. Dennis Tipsword, Jr.
  2. HouseAdded Co-Sponsor Rep. Martin J. Moylan
  3. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  4. HouseAdded Co-Sponsor Rep. Brandun Schweizer
  5. HouseAdded Co-Sponsor Rep. Randy E. Frese
  6. HouseAdded Co-Sponsor Rep. Abdelnasser Rashid
  7. HouseAdded Co-Sponsor Rep. Natalie A. Manley
  8. HouseSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 27 cosponsors: 16 Democrats, 11 Republicans.

All 27 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.