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HB2677Introduced in the House

ESTATE TAX-SPECIAL USE

IntroducedHouse Rules

Introduced by Sharon Chung, District 91

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. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir".

Where it stands

Added Co-Sponsor Rep. Mary Gill

May 15, 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

  1. Filed with the Clerk by Rep. Sharon Chung

  2. First Reading

  3. Referred to Rules Committee

  4. Added Co-Sponsor Rep. William E Hauter

  5. Added Co-Sponsor Rep. Dennis Tipsword

  6. Added Co-Sponsor Rep. Jason R. Bunting

  7. Added Co-Sponsor Rep. Ryan Spain

  8. Added Co-Sponsor Rep. Travis Weaver

  9. Added Co-Sponsor Rep. Barbara Hernandez

  10. Added Co-Sponsor Rep. Nabeela Syed

  11. Added Co-Sponsor Rep. Dave Severin

  12. Added Chief Co-Sponsor Rep. Harry Benton

  13. Added Chief Co-Sponsor Rep. Jay Hoffman

  14. Added Chief Co-Sponsor Rep. Katie Stuart

  15. Added Chief Co-Sponsor Rep. Anthony DeLuca

  16. Assigned to Revenue & Finance Committee

  17. Added Co-Sponsor Rep. Amy Briel

  18. Added Co-Sponsor Rep. Patrick Windhorst

  19. Added Co-Sponsor Rep. Brad Halbrook

  20. Added Co-Sponsor Rep. Patrick Sheehan

  21. Added Co-Sponsor Rep. Brandun Schweizer

  22. Added Co-Sponsor Rep. Jennifer Sanalitro

  23. Added Co-Sponsor Rep. Amy L. Grant

  24. Added Co-Sponsor Rep. Martin McLaughlin

  25. Added Co-Sponsor Rep. David Friess

  26. To Tax Policy: Other Taxes Subcommittee

  27. Added Co-Sponsor Rep. Maurice A. West, II

  28. Added Co-Sponsor Rep. Chris Miller

  29. Added Co-Sponsor Rep. William "Will" Davis

  30. Added Co-Sponsor Rep. Dave Vella

  31. Added Co-Sponsor Rep. Jed Davis

  32. Added Co-Sponsor Rep. John M. Cabello

  33. Rule 19(a) / Re-referred to Rules Committee

  34. Added Co-Sponsor Rep. Nicolle Grasse

  35. Added Co-Sponsor Rep. Yolonda Morris

  36. Added Co-Sponsor Rep. Angelica Guerrero-Cuellar

  37. Added Co-Sponsor Rep. Tracy Katz Muhl

  38. Added Co-Sponsor Rep. Regan Deering

  39. Added Co-Sponsor Rep. Mary Gill

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