Illinois · House Bill 4736 · 104th General Assembly

ESTATE TAX-SPECIAL USE

HB 4736 Sponsored by Sharon Chung In committee

  1. Introduced Jan 30, 2026
  2. In committee Feb 6, 2026
  3. Passed the House Next
  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 changes concerning the taxes due under the Act on 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…

Read the full title (148 words)

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes changes concerning the taxes due under the Act on 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". Effective January 1, 2027.

Every action

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

Show the 14 earlier steps
  1. HouseFiled with the Clerk by Rep. Sharon Chung
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. HouseAdded Chief Co-Sponsor Rep. Dave Vella
  5. HouseAdded Co-Sponsor Rep. Anthony DeLuca
  6. HouseAdded Co-Sponsor Rep. Dave Severin
  7. CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
  8. HouseAdded Co-Sponsor Rep. Maurice A. West, II
  9. HouseAdded Chief Co-Sponsor Rep. Jay Hoffman
  10. HouseAdded Co-Sponsor Rep. Michelle Mussman
  11. HouseAdded Co-Sponsor Rep. Rick Ryan
  12. HouseAdded Co-Sponsor Rep. Kimberly Du Buclet
  13. HouseAdded Co-Sponsor Rep. Michael J. Kelly
  14. HouseAdded Co-Sponsor Rep. Nicolle Grasse
  1. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  2. HouseAdded Co-Sponsor Rep. Jason R. Bunting
  3. HouseAdded Co-Sponsor Rep. Dennis Tipsword
  4. HouseAdded Co-Sponsor Rep. Lindsey LaPointe
  5. HouseAdded Co-Sponsor Rep. Anna Moeller
  6. HouseAdded Co-Sponsor Rep. Regan Deering
  7. HouseAdded Co-Sponsor Rep. David Friess
  8. HouseAdded Co-Sponsor Rep. Jed Davis

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 17 cosponsors: 11 Democrats, 6 Republicans.

All 17 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.