H8190Introduced in the House
Increase the estate exemption to $5,000,000 for January 1, 2027, $7,500,000 for January 1, 2029, $10,000,000 for January 1, 2031. This act would eliminate the estate tax for decedents whose death occurs on or after January 1, 2033.
Introduced by Robert Phillips, District 51
What does this bill do?
Plain-English breakdown
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Official description
TAXATION -- ESTATE AND TRANSFER TAXES -- LIABILITY AND COMPUTATION - Increase the estate exemption to $5,000,000 for January 1, 2027, $7,500,000 for January 1, 2029, $10,000,000 for January 1, 2031. This act would eliminate the estate tax for decedents whose death occurs on or after January 1, 2033.
Where it stands
Committee recommended measure be held for further study
May 21, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Introduced, referred to House Finance
Scheduled for hearing and/or consideration (05/21/2026)
Committee recommended measure be held for further study
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