HB4202 - 104th General Assembly
ESTATE TAX-EXCLUSION AMT
Last Action
Statutes Amended In Order of Appearance
35 ILCS 405/2from Ch. 120, par. 405A-2
Synopsis As Introduced
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, 2027. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 11/14/2025 | House | Filed with the Clerk by Rep. Norine K. Hammond |
| 1/14/2026 | House | First Reading |
| 1/14/2026 | House | Referred to Rules Committee |
