ESTATE TX-EXCLUSION AMOUNT
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
Governor
Introduced Dec 4, 2024
Last action Mar 21, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
1
Committee
4
Mar 21, 2025
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 25, 2025
Lower · Passed
To Tax Policy: Other Taxes Subcommittee
lower
Feb 4, 2025
Committee
Assigned to Revenue & Finance Committee
lower
Jan 9, 2025
Committee
Referred to Rules Committee
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Dave Severin
RRepublican
Co
Jay Hoffman
DDemocratic
Co
Tony McCombie
RRepublican
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