IllinoisHB1733104th General Assembly (2025–2026)HouseWALLET

ESTATE TAX INFLATION FIX

Sponsored By: Ryan Spain (Republican)

In Committee

Summary

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.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Ryan Spain

    Republican • House

Cosponsors

  • Brandun Schweizer

    Republican • House

  • Jackie Haas

    Republican • House

  • Kyle Moore

    Republican • House

  • Norine K. Hammond

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 5 • No: 0

House vote • 5/20/2025

Motion to Suspend Rule 21 - Prevailed

Yes: 5 • No: 0

Actions Timeline

  1. Added Co-Sponsor Rep. Kyle Moore

    1/6/2026House
  2. Added Co-Sponsor Rep. Brandun Schweizer

    7/15/2025House
  3. Motion to Suspend Rule 21 - Prevailed 005-000-000

    5/20/2025House
  4. Motion Filed to Suspend Rule 21 Rules Committee; Rep. Bob Morgan

    5/20/2025House
  5. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  6. Added Co-Sponsor Rep. Norine K. Hammond

    3/5/2025House
  7. Added Co-Sponsor Rep. Jackie Haas

    3/5/2025House
  8. To Tax Policy: Income Tax Subcommittee

    3/3/2025House
  9. Assigned to Revenue & Finance Committee

    2/18/2025House
  10. Referred to Rules Committee

    1/28/2025House
  11. First Reading

    1/28/2025House
  12. Filed with the Clerk by Rep. Ryan Spain

    1/24/2025House

Bill Text

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