HB0012Introduced in the House
ESTATE TX-EXCLUSION AMOUNT
Introduced by Dave Severin, District 116
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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.
Where it stands
Rule 19(a) / Re-referred to Rules Committee
March 21, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Prefiled with Clerk by Rep. Dave Severin
First Reading
Referred to Rules Committee
Added Co-Sponsor Rep. Tony M. McCombie
Assigned to Revenue & Finance Committee
Added Co-Sponsor Rep. Jay Hoffman
To Tax Policy: Other Taxes Subcommittee
Rule 19(a) / Re-referred to Rules Committee
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