IllinoisHB2865104th General Assembly (2025–2026)House

ESTATE TAX-PHASE OUT

Sponsored By: Joe C. Sosnowski (Republican)

In Committee

Summary

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that the amount of the taxes imposed under the Act shall be reduced in each year by 20%. Provides that no tax shall be imposed under the Act for persons dying on or after January 1, 2030 or for transfers occurring on or after January 1, 2030. Provides that the Act is repealed on January 1, 2031. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Joe C. Sosnowski

    Republican • House

Cosponsors

  • Charles Meier

    Republican • House

  • Michael J. Coffey, Jr.

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

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

    3/21/2025House
  2. Added Co-Sponsor Rep. Charles Meier

    3/20/2025House
  3. Added Co-Sponsor Rep. Michael J. Coffey, Jr.

    3/6/2025House
  4. To Tax Policy: Other Taxes Subcommittee

    3/6/2025House
  5. Assigned to Revenue & Finance Committee

    3/4/2025House
  6. Referred to Rules Committee

    2/6/2025House
  7. First Reading

    2/6/2025House
  8. Filed with the Clerk by Rep. Joe C. Sosnowski

    2/5/2025House

Bill Text

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