Bill Status of HB0016

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HB0016 - 104th General Assembly

ESTATE TAX-EXCLUSION AMOUNT
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Chris Miller
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, 2026, 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
12/04/2024 House Prefiled with Clerk by Rep. Chris Miller
1/09/2025 House First Reading
1/09/2025 House Referred to Rules Committee
2/04/2025 House Assigned to Revenue & Finance Committee
2/25/2025 House To Income Tax Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee