IL HB0012 | 2025-2026 | 104th General Assembly
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on January 9 2025 - 25% progression
Action: 2025-02-07 - Added Co-Sponsor Rep. Jay Hoffman
Pending: House Revenue & Finance Committee
Hearing: Feb 27 @ 8:00 am in Room 114
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 9 2025 - 25% progression
Action: 2025-02-07 - Added Co-Sponsor Rep. Jay Hoffman
Pending: House Revenue & Finance Committee
Hearing: Feb 27 @ 8:00 am in Room 114
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
ESTATE TX-EXCLUSION AMOUNT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-07 | House | Added Co-Sponsor Rep. Jay Hoffman |
| 2025-02-04 | House | Assigned to Revenue & Finance Committee |
| 2025-01-15 | House | Added Co-Sponsor Rep. Tony M. McCombie |
| 2025-01-09 | House | Referred to Rules Committee |
| 2025-01-09 | House | First Reading |
| 2024-12-04 | House | Prefiled with Clerk by Rep. Dave Severin |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 405 | 2 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=12&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/legislation/104/HB/10400HB0012.htm |
