HB2601 - 104th General Assembly (2025-2026)

ESTATE TAX-EXCLUSION AMT
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Adam M. Niemerg
Statutes Amended In Order of Appearance
35 ILCS 405/2  from Ch. 120, par. 405A-2
Synopsis As Introduced
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount to $8,000,000 for persons dying on or after January 1, 2026 (currently, $4,000,000). Effective immediately.
Actions
DateChamberAction
2/04/2025HouseFiled with the Clerk by Rep. Adam M. Niemerg
2/06/2025HouseFirst Reading
2/06/2025HouseReferred to Rules Committee
3/04/2025HouseAssigned to Revenue & Finance Committee
3/06/2025HouseTo Tax Policy: Other Taxes Subcommittee
3/21/2025HouseRule 19(a) / Re-referred to Rules Committee