Bill Status of HB5525

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HB5525 - 104th General Assembly

ESTATE TAX-EXCLUSION AMOUNT
Last Action
2/13/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Dave Severin
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. Provides that, for persons dying on or after January 1, 2027, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code, including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.
Actions
Date Chamber Action
2/06/2026 House Filed with the Clerk by Rep. Dave Severin
2/13/2026 House First Reading
2/13/2026 House Referred to Rules Committee