Illinois House Bill 12: ESTATE TX-EXCLUSION AMOUNT

Illinois · 104th session

What it does

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.

Latest action

Rule 19(a) / Re-referred to Rules Committee (2025-03-21)

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