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<xml>
<title>Illinois General Assembly - Bill Status for HB 12</title>
<shortdesc>ESTATE TX-EXCLUSION AMOUNT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Dave Severin, Tony M. McCombie and Jay Hoffman</sponsors>
</sponsor>
<lastaction>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 405/2</reference><aliasreference>from Ch. 120, par. 405A-2</aliasreference><SynopsisText>     Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $6,000,000 for persons dying on or after January 1, 2026. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>12/4/2024</statusdate><chamber>House</chamber><action>Prefiled with Clerk by Rep. Dave Severin</action>
<statusdate>1/9/2025</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/9/2025</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/15/2025</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Tony M. McCombie</action>
<statusdate>2/4/2025</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/7/2025</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jay Hoffman</action>
<statusdate>2/25/2025</statusdate><chamber>House</chamber><action>To Tax Policy: Other Taxes Subcommittee</action>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</actions>
</xml>
