HB1733Introduced in the House
ESTATE TAX INFLATION FIX
Introduced by Ryan Spain, District 73
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
Specifies that the amendatory Act may be referred to as the Estate Tax Threshold Fix Law. Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026 and prior to January 1, 2028, the exclusion amount shall be the applicable exclusion amount calculated under the Internal Revenue Code (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Provides that, for persons dying on or after January 1, 2026, the exclusion amount shall be the greater of (i) the applicable exclusion amount calculated under the Internal Revenue Code or (ii) the exclusion amount amount that would have been calculated under the Internal Revenue Code if the decedent had died in calendar year 2027. Effective immediately.
Where it stands
Added Co-Sponsor Rep. Kyle Moore
January 6, 2026
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
Filed with the Clerk by Rep. Ryan Spain
First Reading
Referred to Rules Committee
Assigned to Revenue & Finance Committee
To Tax Policy: Income Tax Subcommittee
Added Co-Sponsor Rep. Jackie Haas
Added Co-Sponsor Rep. Norine K. Hammond
Rule 19(a) / Re-referred to Rules Committee
Motion Filed to Suspend Rule 21 Rules Committee; Rep. Bob Morgan
Motion to Suspend Rule 21 - Prevailed 005-000-000
Added Co-Sponsor Rep. Brandun Schweizer
Added Co-Sponsor Rep. Kyle Moore
Verify the information
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