ESTATE TAX INFLATION FIX
- Introduced Jan 24, 2025
- In committee Jan 28, 2025
- Passed the House Next
- Passed the Senate
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Specifies that the amendatory Act may be referred to as the Estate Tax Threshold Fix Law. Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026 and prior to January 1, 2028, the exclusion amount shall be the applicable exclusion amount calculated under the Internal Revenue Code (currently, the exclusion amount for Illinois estate tax…
Read the full title (125 words)
Specifies that the amendatory Act may be referred to as the Estate Tax Threshold Fix Law. Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026 and prior to January 1, 2028, the exclusion amount shall be the applicable exclusion amount calculated under the Internal Revenue Code (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Provides that, for persons dying on or after January 1, 2026, the exclusion amount shall be the greater of (i) the applicable exclusion amount calculated under the Internal Revenue Code or (ii) the exclusion amount amount that would have been calculated under the Internal Revenue Code if the decedent had died in calendar year 2027. Effective immediately.
Every action
12 steps, oldest first, as the legislature records them.
- HouseFiled with the Clerk by Rep. Ryan Spain
- HouseFirst Reading
- CommitteeReferred to Rules Committee · House Rules
- CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
- CommitteeTo Tax Policy: Income Tax Subcommittee · House Tax Policy: Income Tax Subcommittee
- HouseAdded Co-Sponsor Rep. Jackie Haas
- HouseAdded Co-Sponsor Rep. Norine K. Hammond
- CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
- CommitteeMotion Filed to Suspend Rule 21 Rules Committee; Rep. Bob Morgan · House Rules
- HouseMotion to Suspend Rule 21 - Prevailed 005-000-000
- HouseAdded Co-Sponsor Rep. Brandun Schweizer
- HouseAdded Co-Sponsor Rep. Kyle Moore
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it, joined by 4 cosponsors: 4 Republicans.
-
Ryan SpainR Primary sponsor · District 73
All 4 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.