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HB 12

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: March 21, 2025.

ESTATE TX-EXCLUSION AMOUNT.

Bill ID IL-104-HB-12
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2025-03-21
Summary

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $6,000,000 for persons dying on or after January 1, 2026. Effective immediately.

Sponsor
Dave Severin
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-09 Introduced Bill introduced
2025-03-21 Status in_committee
2025-03-21 Latest Action 3/21/2025 - House:
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