Loading chat...

IL HB4202

Bill

Official Source

Status

Introduced

11/14/2025

Primary Sponsor

Norine Hammond

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Increases the Illinois estate tax exclusion amount from $4,000,000 to $12,060,000, aligning more closely with the federal estate tax exemption level

  • Applies to estates of persons dying on or after January 1, 2027

  • Amends the Illinois Estate and Generation-Skipping Transfer Tax Act (35 ILCS 405/2)

  • Takes effect immediately upon becoming law

Legislative Description

ESTATE TAX-EXCLUSION AMT

Last Action

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

3/27/2026

Committee Referrals

Rules3/27/2026
Revenue & Finance3/18/2026
Rules1/14/2026

Full Bill Text

No bill text available