HB 1457

Illinois House of Representatives bill in Session 104.

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

ESTATE TAX-EXCLUSION AMT.

Bill ID IL-104-HB-1457
Session 104
Status in_committee
Committee Revenue & Finance Committee
House of Representatives in_committee 2025-03-21
Tax / Budget / Appropriations
Summary

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.

Sponsor
Norine K. Hammond
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-28 Introduced Bill introduced
2025-03-21 Status in_committee
2025-03-21 Latest Action 3/21/2025 - House:
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